Question

Weighted-average method, assigning costs (continuation of 18-17). For the data in Exercise 18-17, summarize total costs to account for, calculate the cost per equivalent unit for direct materials and conversion costs, and assign total costs to units completed and transferred out (including normal spoilage), to abnormal spoilage, and to units in ending work in process.

 

Answer 1

Weighted-average method, assigning costs (continuation of 18-17).

 

Solution Exhibit 18-18 summarizes total costs to account for, calculates the costs per equivalent unit for direct materials and conversion costs, and assigns total costs to units completed and transferred out (including normal spoilage), to abnormal spoilage, and to units in ending work in process.

 

SOLUTION EXHIBIT 18-18

Summarize Total Costs to Account For, Compute Cost per Equivalent Unit, and Assign Total Costs to Units Completed, to Spoiled Units, and to Units in Ending Work in Process;

Weighted-Average Method of Process Costing,

Gray Manufacturing Company, November 2009.

 

#Equivalent units of direct materials and conversion costs calculated in Step 2 in Solution Exhibit 18-17.