Question

Holling Inc. uses the weighted-average method in its process costing. The following data concern the company’s...

Holling Inc. uses the weighted-average method in its process costing. The following data concern the company’s Mixing Department for the month of December.

Materials Conversion
Work in process, December 1 $ 8,730 $ 9,728
Cost added to production in the Mixing
Department during December $ 227,100 $ 284,832
Equivalent units of production for December 10,500 10,000

Required:

Compute the cost per equivalent unit for materials and conversion for the Mixing Department in December. (Round your answers to 2 decimal places.)

Cost per equivalent unit: Materials? Conversion?

Homework Answers

Answer #1

in weighted average costing cost per equivalent unit is measured by taking actual cost incurred till date to actual units which are equivalent to finishied units. This method considers all units are similar and cost per unit does not change significantly.

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