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Watson Products, Inc., produces plastic cases used...

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Question

Watson Products, Inc., produces plastic cases used for video cameras. The product passes through three departments. For May, the following equivalent units schedule was prepared for the first department: Costs assigned to beginning work in process: direct materials, $30,000; conversion costs, $5,000. Manufacturing costs incurred during May: direct materials, $25,000; conversion costs, $65,000. Watson uses the weighted average method. Required: 1. Compute the unit cost for May. Round your answer to two decimal places. $ per equivalent unit 2. Determine the cost of ending work in process and the cost of goods transferred out. Cost of ending work in process $ Cost of goods transferred out $

 

Paper#12906 | Written in 18-Jul-2015

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