Donaldson Fabrics is a manufacturer of wool cloth that uses the Weighted Average method of Process...

Donaldson Fabrics is a manufacturer of wool cloth that uses the Weighted Average method of Process Costing. The information for March is as follows:

Beginning work in process	10,000 units
Units started	20,000 units
Units completed	25,000 units

Beginning work-in-process direct materials	$ 6,000
Beginning work-in-process conversion	$ 2,600
Direct materials added during month	$30,000
Conversion Costs added during month	$17,000

Beginning work in process was half converted as to Conversion Costs. Direct materials are added at the beginning of the process. All conversion costs are incurred evenly throughout the process. Ending work in process was 60% complete.

Required:

Determine the number of Equivalent Units for both Direct Material and Conversion Costs
Determine total costs to be distributed among the Equivalent Units.
Determine the Cost per Equivalent Unit.
Determine the costs transferred out of the department, and the remaining Work In Process.

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Expert Solution

ekkarill92 answered 1 year ago

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