Weston Products manufactures an industrial cleaning compound that goes through t

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: Work in Process-Grinding Department Completed and transferred to Inventory, May 1 Materials Conversion 174,720 465,510 217,470 the Mixing Department Inventory, May 31 The May 1 work in process inventory consisted of 91,000 pounds with $117,390 in materials cost and $57,330 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, 311,000 pounds were started into production. The May 31 inventory consisted of 89,000 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 Required 1. Determine the equivalent units of production for May. Materials Conversion Equivalent units of production 2. Determine the costs per equivalent unit for May. (Round your answers to 2 decimal places.) Materials Conversion Cost per equivalent unit 3. Determine the cost of the units completed and transferred to the Mixing Department during May. (Do not round your intermediate calculations.) Materials Conversion Total Cost of units completed and transferred out

Explanation / Answer

1) Equivalent unit :

Calculate cost per equivalent unit :

3) Cost of units completed and transferred to mixing department :

Material Conversion Units transferred out 313000 313000 Ending work in process 89000*100%=89000 89000*60%=53400 Total equivalent unit of production 402000 366400

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