Tiny Villages Inc Required:
A

question 120

Essay

Tiny Villages Inc.uses the weighted-average method in its process costing system.The following data concern the operations of the company's first processing department - Extruding - for a recent month.
$$\begin{array}{l}\begin{array} { | l | r | } \hline \text { Work-ir-process, beginning: }\\\hline \text { Units in process } & 300 \\\hline \text { Percent complete with respect to materials } & 80 \% \\\hline \text { Percent complete with respect to corwersion } & 70 \% \\\hline \text { Costs in the beginning inventory: } & \\\hline \text { Materials cost } & \$ 1,368 \\\hline \text { Conversion cost } & \$ 8,064 \\\hline \text { Units started into production during the month } & 11,000 \\\hline \text { Units completed and transterred out } & 11,000 \\\hline \text { Costs added to production during the month: } & \\\hline \text { Materials cost } & \$ 64,948 \\\hline \text { Conversion cost } & \$ 412,179 \\\hline \text { Work-ir-process, ending: } & 300 \\\hline \text { Units in process } & 80 \% \\\hline \text { Percent complete with respect to materials } & 10 \% \\\hline \text { Percent complete with respect to conversion } & \\\hline\end{array}\end{array}$$
Required:
a.Determine the equivalent units of production.b.Determine the costs per equivalent unit.c.Determine the cost of ending work-in-process inventory.d.Determine the cost of the units transferred to the next department.

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Definitions:

Ordinal Scale

A scale of measurement where the attributes being measured are ordered in terms of magnitude or importance, but the intervals between attributes are not necessarily uniform or known.

Rating Scale

A set of categories designed to elicit information about a quantitative or qualitative attribute.

Service

The action of helping or doing work for someone, often refers to intangible goods offered by businesses.

Excellent

A term used to describe something of very high quality.