Weston Products manufactures an industrial cleaning compound that goes through three processing departments—Grinding, Mixing, and Cooking....

Work in Process—Grinding Department


Inventory, May 1	184,800	Completed and transferred to the Mixing Department	?
Materials	486,300
Conversion	157,092

Inventory, May 31	?

The May 1 work in process inventory consisted of 120,000 pounds with $142,800 in materials cost and $42,000 in conversion cost. The May 1 work in process inventory was 100% complete with respect to materials and 80% complete with respect to conversion. During May, 346,000 pounds were started into production. The May 31 inventory consisted of 106,000 pounds that were 100% complete with respect to materials and 60% complete with respect to conversion. The company uses the weighted-average method to account for units and costs.

Required:

1.	Determine the equivalent units of production for May.

2.	Determine the costs per equivalent unit for May. (Round your answers to 2 decimal places.)

3.	Determine the cost of the units completed and transferred to the Mixing Department during May. (Do not round your intermediate calculations.)

Solutions

Expert Solution

ekkarill92 answered 1 year ago

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