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Category > Business & Finance Posted 10 Jun 2017 My Price 12.00

The following information is available for the Department of Steins for the month of July:

The following information is available for the Department of Steins for the month of July:

Units Costs

Work in process, July 1

(70% complete for conversion costs) 5,000

Direct materials $ 6,000

Direct labor 3,000

Manufacturing overhead 4,000

Total work in process, July 1 $13,000

 

Started in production during July 20,000

 

Costs added:

Direct materials $18,000

Direct labor 8,000

Manufacturing overhead 10,000

Total costs added during July $36,000

 

Work in process, July 31

(80% complete for conversion costs) 2,000

Materials are added at the beginning of the process. (Round unit costs to 2 decimal places.)

Required:

1. What would be the equivalent units of production for materials using the Weighted Average Method?

2. What would be the equivalent units of production for conversion costs using the Weighted Average Method?

3. What would be the cost per equivalent unit of production for materials using the Weighted Average Method?

4. What would be the cost per equivalent unit of production for conversion costs using the Weighted Average Method?

5. What would be the cost of goods transferred out using the Weighted Average Method?

6. What would be the cost of ending work in process using the Weighted Average Method?

Answers

Homework Helper
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Status NEW Posted 10 Jun 2017 08:06 AM My Price 12.00

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