Shawinigan Inc The Company's Accountant Has Already Computed the Cost Per Equivalent

question 20

Essay

Shawinigan Inc. uses a weighted-average process-costing system. All materials are introduced at the beginning of production; conversion costs are incurred evenly throughout the manufacturing process. The following information pertains to April:
$\begin{array} { l r } \text { Beginning work in process ( } 80 \% \text { complete) } & 9,000 \text { units } \\\text { Goods completed during April } & 53,000 \text { units } \\\text { Ending work in process ( } 30 \% \text { complete) } & 12,000 \text { units }\end{array}$ The company's accountant has already computed the cost per equivalent unit, as follows: materials, $5; conversion, $14.
Required:
Calculate the cost of goods completed during April and the cost of the ending work-in-process inventory.

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Definitions:

Break-Even Sales

The amount of revenue needed to cover all fixed and variable expenses, resulting in neither profit nor loss.

Foreign Division

A segment or branch of a company that operates in a country different from the company's headquarters, engaging in business activities outside its home market.

Break-Even Sales

The amount of revenue needed to cover all fixed and variable costs, resulting in zero profit and zero loss.

Domestic Division

A segment or branch of a company that operates within the company's home country.