On May 1, Dawdle Company Had a Work-In-Process Inventory of 10,000

question 48

Essay

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:

Smallpox

Smallpox was a highly contagious and deadly disease caused by the Variola virus, characterized by fever and a distinctive skin rash. It was declared eradicated in 1980 thanks to a global vaccination campaign.

Communal Healing Rituals

Practices or ceremonies performed within a community to address collective trauma, illness, or conflict, aiming at emotional or physical healing.

Mourning Wars

Conflicts engaged in by indigenous peoples of the northeastern Americas primarily as a way to obtain captives to replace lost community members.

Iroquois

A historically powerful northeast Native American confederacy known for its political and organizational skills, encompassing several tribes.