Robinson Products Uses the Weighted-Average Method of Process Costing Required: A

question 49

Essay

Robinson Products uses the weighted-average method of process costing.The following information was available for the current year:
$\begin{array}{lcc}& \text {Number } & \text {Production } \\&\underline{ \text {of units } } &\underline{\text { costs }}\\ \text { Beginning work-in-process ( \( 10 \% \) complete) } &5000&\$1500\\ \text { Units started this period (current period production work) } &90000&2790000\\ \text { Ending work-in-process ( \(40 \% \) complete) } &2000\\\end{array}$


Required: A. How many total equivalent units were completed during the year?
B. What was the cost per equivalent urit?
C. What is the cost allocated to the ending work-in-pracess units?
D. What is cost of goods manufactured for the year?

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Definitions:

Children's Meals

Specially designed and portioned meals for children, often featuring nutritional considerations and appealing presentations.

Demand Curve

A graph showing the relationship between the quantity of a good consumers are willing to buy and its price.

Marginal Cost

The cost incurred by producing one additional unit of the product.

Monopolist

A Monopolist is a sole provider of a product or service in a market, facing no competition and having the power to control prices and market supply.