Question

		Prior Period Percent		Current Period Percent
Production Data	Phsyical Untis	Material	Conversion	Material	Conversion
Beg Units	8	90%	40%	10%	60%
Units Started	50
Units Completed	46			100%	100%
End Units	12			60%	30%
	Materials	Conversion
Costs Data:
Prior Period Costs (BI)	$4,933,600.00	$910,400.00
Current Costs (Added)	$32,200,000.00	$13,920,000.00

Cost Reconciliation
			Equivalent Units (above)
	Total Cost		Materials		Conversion
Cost accounted for as follows:
Transferred to Finished Goods:
Completed & transferred out:
Work in process, Dec. 31:
Materials
Conversion
Total work in process
Total cost accounted for

WEIGHTED AVERAGE METHOD

Answer 1

Cost Reconciliation
		Equivalent Units (above)
	Total Cost	Materials		Conversion
Cost accounted for as follows:
Transferred to Finished Goods:
Completed & transferred out:	$45,862,000	$32,108,000		$13,754,000
Work in process, Dec. 31:
Materials	$5,025,600	$5,025,600
Conversion	$1,076,400			$1,076,400
Total work in process	$6,102,000
Total cost accounted for	$51,964,000	$37,133,600		$14,830,400

--Working

Costs per Equivalent Unit
	Total Cost	Materials	Conversion	Whole Unit
Costs to be accounted for:
Work in process, Dec. 1	$5,844,000	$4,933,600	$910,400	8
Cost added by the department	$46,120,000	$32,200,000	$13,920,000	50
Total cost to be accounted for	$51,964,000	$37,133,600	$14,830,400	58
Equivalent units of production		53.2	49.6
Cost per equivalent unit	$997,000	$698,000	$299,000