Answer:
Units Transferred Out $ 663750
Work In Process Ending $ 30440
Direct Materials Costs $ 11.5 per EUP Conversion Costs$6.2 per EUP
Explanation:
Ashad Company
Weighted Average Method
Cost Of Production Report
Equivalent Units of Production
Direct Materials Conversion
Units transferred out 37,500 EUP 37,500 EUP
<u>Units of ending work in process 2,000 EUP 1,200 EUP</u>
<u>Equivalent units of production 39,500 EUP 38,700 EUP</u>
Costs Added
Direct Materials Conversion
Costs of beginning work in
process $13,450 $1,860
<u>Costs incurred this period 440,800 238,080</u>
<u>Total costs $454,250 $239,940 </u>
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Costs per EUP
Direct Materials Conversion
$454,250/ 39,500 EUP $239,940/38,700 EUP
= $ 11.5 per EUP = $6.2 per EUP
Dividing the costs with EUP gives cost per EUP.
Costs Accounted For
Units Transferred Out $ 663750
Materials = $ 11.5 * 37500=$ 431250
Conversion= $ 6.2 * 37500=$ 232500
Total = $ 663750
Work In Process Ending $ 30440
Materials = $ 11.5 * 2000=$ 23000
Conversion= $ 6.2 * 1200=$ 7440
Total = $ 30440
Now adding the costs of Transferred out units and the ending work in process inventory equals the total of the costs added.
$ 663750+$ 30440 = $454,250 + $239,940
$ 694190 = $ 694190
