Weston Products manufactures an industrial cleaning compound that goes through t
ID: 2566042 • Letter: W
Question
Weston Products manufactures an industrial cleaning compound that goes through three processing departments—Grinding, Mixing, and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below:
Completed and transferred to
the Mixing Department:
The May 1 work in process inventory consisted of 57,000 pounds with $87,780 in materials cost and $44,460 in conversion cost. The May 1 work in process inventory was 100% complete with respect to materials and 80% complete with respect to conversion. During May, 380,000 pounds were started into production. The May 31 inventory consisted of 71,000 pounds that were 100% complete with respect to materials and 60% complete with respect to conversion. The company uses the weighted-average method to account for units and costs.
1.)
Determine the equivalent units of production for May.
2.)
Determine the costs per equivalent unit for May
3.)
Determine the cost of the units completed and transferred to the Mixing Department during May.
Weston Products manufactures an industrial cleaning compound that goes through three processing departments—Grinding, Mixing, and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below:
Explanation / Answer
1) Calculate equivalent unit :
2) Determine the costs per equivalent unit for May
3.) Determine the cost of the units completed and transferred to the Mixing Department during May.
Cost of unit completed and transferred = (1.70+0.90)*366000 = 951600
Physical unit % Material % conversion cost Unit transferred out 366000 100% 366000 100% 366000 Ending work in process 71000 100% 71000 60% 42600 Equivalent unit 437000 408600Related Questions
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