Answer:
Cost Per Equivalent Unit Materials 0.81 Conversion 2.14
Completed Units Costs $ 53690
Ending Work In Process Costs $ 4136
Total Costs $ 57826
Explanation:
<u>Waterway Company</u>
<u>Finishing Department </u>
Materials Conversion
Costs $16,524, $21,602 + $19,700
$ 41302
Equivalent units of production 20,400 19,300
Cost Per Equivalent Unit 16524/20400= 0.81 41302/19300= 2.14
We find the Cost per Equivalent unit and then multiply with the completed units and Ending work in process units to get their costs.
<u>Completed Units Costs $ 53690</u>
Materials = 18200* 0.81 = 14742
Conversion= 18200 * 2.14= 38948
Total Costs $ 53690
<u>Ending Work In Process Costs $ 4136</u>
Materials = 2200* 0.81 = 1782
Conversion= 2200 * 50 % * 2.14= 2354
Total Costs $ 4136
Total Costs Accounted For = Completed Units Costs $ 53690 + Ending Work In Process Costs $ 4136= <u>$ 57826</u>
Total Costs Added During the process = Materials + Conversion = $16,524,+ $ 41302=
<u>$ 57826</u>
