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ella [17]
3 years ago
13

Barnett Corporation uses the weighted-average method in its process costing system. The

Business
1 answer:
Nimfa-mama [501]3 years ago
3 0

Answer:

a. 18,000

b. $5.10

Explanation:

<u>Calculation of the total equivalent units of production for materials</u>

Units of Closing Work In Process  (6,000× 100%) =  6,000

Units completed and transferred (12,000× 100%) = 12,000

Total                                                                          = 18,000

<u>Calculation of the total equivalent units of production for conversion</u>

Units of Closing Work In Process  (6,000 × 50%) =  3,000

Units completed and transferred (12,000× 100%) = 12,000

Total                                                                          = 15,000

<u>Calculation of Total Cost of Materials</u>

Work in process                      $13,800

Costs added during May       $42,000

Total                                        $55,800

<u>Calculation of Total Cost of Conversion</u>

Work in process                       $ 3,740

Costs added during May       $26,260

Total                                        $30,000

<u>Calculation of total cost per equivalent unit for May</u>

Materials ($55,800/18,000)       = $3.10

Conversion ( $30,000/15,000)  = $2.00

Total                                             = $5.10

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