Question

# Weighted Average Method, Equivalent Units, Unit Cost, Multiple Departments Fordman Company has a product that passes...

Weighted Average Method, Equivalent Units, Unit Cost, Multiple Departments

Fordman Company has a product that passes through two processes: Grinding and Polishing. During December, the Grinding Department transferred 20,000 units to the Polishing Department. The cost of the units transferred into the second department was \$40,000. Direct materials are added uniformly in the second process. Units are measured the same way in both departments.

The second department (Polishing) had the following physical flow schedule for December:

 Units to account for: Units, beginning work in process 4,000 (40% complete) Units started ? Total units to account for ? Units accounted for: Units, ending work in process 8,000 (50% complete) Units completed ? Units accounted for ?

Costs in beginning work in process for the Polishing Department were direct materials, \$4,000; conversion costs, \$7,000; and transferred in, \$9,000. Costs added during the month: direct materials, \$33,000; conversion costs, \$47,000; and transferred in, \$39,000.

Required:

1. Assuming the use of the weighted average method, prepare a schedule of equivalent units. Enter percentages as whole numbers.

 Direct Materials Conversion Costs Transferred In Ending WIP: x % x %

2. Compute the unit cost for the month. If required, round your answer to the nearest cent.
\$ per equivalent unit

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