Question

Problem 4-14 Analysis of Work in Process T-account-Weighted-Average Method [LO4-1, LO4-2, LO4-3, LO4-4] Weston Products manufactures an industrial cleaning compound that goes through three processing departments—Grinding, Mixing, and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below: Work in Process—Grinding Department Inventory, May 1 188,670 Completed and transferred to the Mixing Department ? Materials 625,400 Conversion 353,320 Inventory, May 31 ? The May 1 work in process inventory consisted of 57,000 pounds with $114,570 in materials cost and $74,100 in conversion cost. The May 1 work in process inventory was 100% complete with respect to materials and 30% complete with respect to conversion. During May, 284,000 pounds were started into production. The May 31 inventory consisted of 100,000 pounds that were 100% complete with respect to materials and 60% complete with respect to conversion. The company uses the weighted-average method in its process costing system. Required: 1. Compute the Grinding Department's equivalent units of production for materials and conversion in May. 2. Compute the Grinding Department's costs per equivalent unit for materials and conversion for May. 3. Compute the Grinding Department's cost of ending work in process inventory for materials, conversion, and in total for May. 4. Compute the Grinding Department's cost of units transferred out to the Mixing Department for materials, conversion, and in total for May.

Compute the Grinding Department's equivalent units of production for materials and conversion in May.

	Materials Conversion Equivalent units of production

Compute the Grinding Department's costs per equivalent unit for materials and conversion for May. (Round your answers to 2 decimal places.)

	Materials Conversion Cost per equivalent unit

Compute the Grinding Department's cost of ending work in process inventory for materials, conversion, and in total for May. (Round your intermediate calculations to 2 decimal places.)

	Materials Conversion Total Cost of ending work in process inventory

Compute the Grinding Department's cost of units transferred out to the Mixing Department for materials, conversion, and in total for May. (Round your intermediate calculations to 2 decimal places.)

	Materials Conversion Total Cost of units completed and transferred out

Answer 1

Work in Process, Beginning	57000
Add: Pounds started during May	284000
Less: Ending inventory	-100000
Units completed and transferred out	241000
1
	Materials	Conversion
Units completed and transferred out	241000	241000
Work in process, ending:
100000 X 100%	100000
100000 X 60%		60000
Equivalent units of production	341000	301000
2
	Materials	Conversion
Work in process, May 1	114570	74100
Cost added during May	625400	353320
Total costs	739970	427420
Divide by Equivalent units of production	341000	301000
Cost per Equivalent unit	2.17	1.42
3
	Materials	Conversion	Total
Work in process, ending units	100000	60000
X Cost per Equivalent unit	2.17	1.42
Cost of ending work in process inventory	217000	85200	302200
4
	Materials	Conversion	Total
Units completed and transferred out	241000	241000
X Cost per Equivalent unit	2.17	1.42
Cost of Units completed and transferred out	522970	342220	865190