Question

Satina Corporation's Department A has the following information: % Completed Costs Beginning work in process: 6,000...

Satina Corporation's Department A has the following information:
% Completed
Costs
Beginning work in process: 6,000 units
Direct Materials
100
$
43,708
Conversion
40
35,550
New Units Started: 28,000 units
Direct Materials
112,000
Conversion
88,200
Ending work in process: 2,000 units
Direct Materials
100
Conversion
50
Required: Complete the tables below using the weighted-average method
Physical Units
Weighted Average Equivalent Units
Materials
Conversion
Beginning WIP
Units started
Total to account for
Units Finished
Ending WIP
Total to account for
Total Equivalent Units
Weighted Average
a. Cost Per Equivalent units
b. Cost completed and transferred out
c. Cost in the ending work-in-process inventory
Business   Accounting   
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Answer #1

Units completed and transferred out = Beginning inventory + New units started - Ending Inventory
= 6000 + 28000 - 2000 = 32000 units

Equivalent units of Production = Units completed and transferred + Ending inventory x percentage completion
Materials = 32000 + 2000 x 100% = 34000 units
Conversion = 32000 + 2000 x 50% = 33000 units

a. Cost per equivalent unit = (Beginning Cost + Cost added) / Equivalent units of production
Material = ($43708+112000) / 34000 = $4.58 per unit
Conversion cost = ($35550+88200) / 33000 = $3.75 per unit

b. Cost completed and transferred out
Material = 32000 x $4.58 = $146560
Conversion = 32000 x $3.75 = $120000
Total Cost = $266560

c. Cost in ending work in process
Material = 2000 x $4.58 = $9160 or $9148
Conversion = 1000 x $3.75 = $3750
Total Cost = $12910 0r $12898

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