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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
EXERCISE 4–4 Applying Costs to Units—Weighted-Average Method  [LO4]
Data concerning a recent period’s activity in the Prep Department, the first processing department in a company that uses process costing, appear below:
Â
Â
|
Equivalent units of production in ending work in process . . . . . . . . . . |
300 |
100 |
|
Cost per equivalent unit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
$31.56 |
$9.32 |
Â
A total of 1,300 units were completed and transferred to the next processing department during the period.
Required:
Compute the cost of the units transferred to the next department during the period and the cost of ending work in process inventory.
Â
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