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Category > Accounting Posted 08 Aug 2017 My Price 11.00

Brady Products

PROBLEM 6–13 Analysis of Work in Process T-Account—Weighted-Average Method   [LO1, LO2, LO3, LO4, LO5]

Brady Products manufactures a silicone paste wax that goes through three processing depart- ments—Cracking, Blending, and Packing. All of the raw materials are introduced at the start of work in the Cracking Department. The Work in Process T-account for the Cracking Department for May follows:

 

Work in Process—Cracking Department

 

Inventory, May 1 (35,000 kilograms,

 

Completed and transferred to

 

conversion 4/5 complete)

63,700

Blending (   ?  kilograms)

     ?    

 

 

 

 

 

The May 1 work in process inventory consists of $43,400 in materials cost and $20,300 in conversion cost. The company uses the weighted-average method.

Required:

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 Blending during May and the cost of ending work in process inventory.

4.              What criticism can be made of the unit costs that you have computed if they are used to evaluate how well costs have been controlled?

Answers

Maurice Tutor
(5)
Status NEW Posted 08 Aug 2017 03:08 PM My Price 11.00

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