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.

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Definitions:

Micturition

Micturition is the biological process of discharging urine from the bladder through the urethra to the outside of the body, commonly referred to as urination.

Urinary Bladder

A muscular sac in the pelvic cavity that stores urine before it is excreted from the body.

Ureters

Tubes that carry urine from the kidneys to the bladder, essential for the transportation of urine in the urinary system.

Urinary Bladder

A hollow organ in the pelvic region that stores urine prior to elimination.