Whiston Corporation Uses the Weighted-Average Method in Its Process Costing

question 3

Essay

Whiston Corporation uses the weighted-average method in its process costing system. The following data were taken from the records of the first processing department for a recent month.
Required:a. How many units were transferred to the next department during the month?b. What were the equivalent units of production for materials and for conversion costs for the month?c. What were the costs per equivalent unit of production for materials and for conversion costs for the month?d. What was the cost of the ending work in process inventory in the department at the end of the month?e. What was the cost of the units completed and transferred to the next department during the month?

Analyze the process of allocating support department costs using direct, reciprocal, and sequential methods.

Distinguish between different allocation bases and their appropriateness for specific products or services.

Evaluate the performance of departments using allocated costs.

Classify departments as either support or production departments.

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