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(TCO F) Industrial Supply Corporation uses the weighted-average method

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Question;Question 1. 1. (TCO F) Industrial Supply Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below.Work in process, beginning:Units in beginning work in process inventory 400Materials costs $6,900Conversion costs $2,500Percentage complete for materials 80%Percentage complete for conversion 15%Units started into production during the month 6,000Units transferred to the next department during the month 5,200Materials costs added during the month $112,500Conversion costs added during the month $210,300Ending work in process:Units in ending work-in-process inventory 1,200Percentage complete for materials 75%Percentage complete for conversion 30%Required: Calculate the equivalent units for materials for the month in the first processing department.

 

Paper#38361 | Written in 18-Jul-2015

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