On May 1,Dawdle Company had a work-in-process inventory of 10,000 units.The units were 100% complete for material and 30% complete for conversion,with respective costs of $30,000 and $1,850.
During the month,150,000 units were completed and transferred to finished goods.The May 31 ending work-in-process inventory consisted of 10,000 units that were 100% complete with respect to materials and 80% complete with respect to conversion.
Costs added during the month were $330,000 for materials and $503,750 for conversion.
Required:
Using the weighted-average method,calculate:
A.total equivalent units for material and conversion.
B.the cost per equivalent unit for material and conversion.
C.the cost transferred to finished goods.
D.the cost of ending work in process.
Definitions:
Managerial Accounting
The process of identifying, measuring, analyzing, interpreting, and communicating financial information to managers for the purpose of achieving organizational goals.
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