Answer:
<u>Equivalent Units </u> Materials <u> 315,000 </u>Conversion<u> 310,000</u>
<u>Cost PEr EUP</u> Materials =$ 4.0507 Conversion= $ 28.975
Ending Work In Process Costs = $ 357993.28
Units Transferred Costs = $ 9376,818.4
Explanation:
Particulars Units % of Completion Equivalent Units
Materials Conversion Materials Conversion
BWIP 25,000 60% 40% 15000 10000
<u>+Units started 300,000 300,000 300,000</u>
<u>Equivalent Units 315,000 310,000</u>
<u />
Costs Materials Conversion
Beginning work in process inventory $44,800 $15,300
<u> Added during the month 1'231,200 896,7001</u>
<u>Total Costs 1276,000 898 2301</u>
<u />
<u>E</u>UP <u>315,000 310,000</u>
<u>Cost PEr EUP</u> 1276,000 / 315,000 898 2301/310,000
=$ 4.0507 = $ 28.975
Ending Work In Process Costs = $ 357993.28
Materials (30,000* 80% ) = 24000*$ 4.0507= $ 97216.8
Conversion (30,000* 30%) = 9000*$ 28.975= $ 260,776.48
Multiplying it with the EUP to get the costs.
Units Transferred Costs = $ 9376,818.4
Materials (315,000 -30,000 ) = 312000*$ 4.0507= $ 1263,818.4
Conversion (310,000-30,000) = 280,000*$ 28.975= $ 8113,000
In weighted average methhod the number of equivalent units is obtained by adding the ending inventory to the units transferred or the BWIP inv to the units started.