2 Pato,.. wporation uses the weighted average method in its process costing syst

Question

2 Pato,.. wporation uses the weighted average method in its process costing system. The snae Phe deparnent's operations in January artnest is the second department in its production process. The data below Percent Complete with Respect to Conversion 80% (2, ldo 2,700 57,000 Tian (v ,ov, uchom tho prn, department duringanuary iu" doted and transrv.ed to the next department during January 1 50.300 20% (1870 beginning rsion.costs were incurred comeute the st per equivalent unit for conversion costs for January in the Molding 9,400 the awvounting reos nicate that the conversion cost that had been assigned to wventoiy was $10,973 and a total of $268,107 in conve vve Me the hadtiy bclo to answer the question No. 20 part III te the equvaent units of production Conversion pute the cost per equivalent unit Conversion EDN OF THE QUESTIONS

Explanation / Answer

Compute the equivalent units of production Units % complete Equivalent Units - Conversion Completed and transferred to the next department during january 50300 100%           50,300 Ending work in process inventory 9400 20%             1,880 Total equivalent units           52,180 Compute the cost per equivalent units Conversion Cost of beginning work in process inventory $       10,973 Add: Cost incurred during the month $    268,107 Total Cost $    279,080 Divide by Total equivalent units ÷           52,180 Cost per equivalent unit                5.35 Rounded

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