Calculate the cost
per equivalent unit of material and conversion cost for January -
using the Weighted Average Approach
Units
Materials
Conversion
Work in process January 1
2,500
50%
35%
Work in process January
31
45%
25%
Materials cost in work in
process January 1
$25,000
Conversion costs in work in
process January 1
$10,000
Units started in
production
12,000
Units transferred to the next
department
8,000
Materials cost added during
January
$20,000
Conversion costs added during
January
$7,500
Complete...