Brady Products manufactures a silicone paste wax that goes through three processing departments—Cracking, Blending, and Packing. All of the raw materials are introduced at the start of work in the Cracking Department. The Work in Process T-account for the Cracking Department for May follows:
Work in Process—Cracking Department |
Inventory, May 1 (42,000 kilograms, conversion 4/5 complete) |
102,900 |
Completed and transferred to |
? | |
May costs added: | ||||
Raw materials (341,000 kilograms) | 640,980 | |||
Conversion costs | 281,787 | |||
Inventory, May 31 (68,700 kilograms, conversion 2/3 complete) |
? | |||
The May 1 work in process inventory consists of $71,400 in materials cost and $31,500 in conversion cost. The company uses the weighted-average method.
Required:
1. Determine the equivalent units of production for May.
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2. Determine the costs per equivalent unit for May. (Round your answers to 2 decimal places.)
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3. Determine the cost of the units completed and transferred to Blending during May and the cost of ending work in process inventory. (Round intermediate calculations to 2 decimal places.)
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The answer has been presented in the supporting sheet.
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