Question
Domingo Corporation uses the weighted average method in its process costing system. This month, the beginning...
Domingo Corporation uses the weighted average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 1.600 units. The costs and percentage completion of these units in beginning inventory were: Percent Cost Complete Materials costs $6,700 508 Conversion costs $ 2,900 203 A total of 8,000 units were started and 7,300 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Cost Materials costs $ 159,900 Conversion costs $121,600 The ending Inventory was 85% complete with respect to materials and 75% complete with respect to conversion costs. The cost per equivalent unit for materials for the month in the first processing department is closest to Multiple Choice $15.97
Answers
Equivalent units of production (b) = $18.00 Units in ending work in process = units in beginning work Cost per equivalent unit Calculation: = in process & units started into production Units transferred to the next department 1 600 units + 6,obo units - 7300 units 2, 300 units Materials 7,300 Units transferred to the next department Ending work in process: Materials: 2,300 units x 054). Equivalent units of production 1,955 9,255 Cost of beginning work in process inventory Costs added during the period Total cost (a) Materials & 6,700 $ 159,900 $ 166, 600 9, 255 $18.00 Cost per equivalent unit (a) + (b)
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