Aragon industrials manufacture an industrial solvent in two departments; blending and finishing. This exercise focuses on the Finishing Department. Direct materials are added at the end of the process. Conversion costs are added evenly during the process. Aragon uses the weighted - average method of process costing. The following information for June 2007 I available.

If you want to use Excel to solve this exercise, go to the Excel Lab at www.prenhall comihornoren/costlk and download the template for Exercise 17-27. 1.
Required:
1.Calculate equivalent units of transferred-in costs, direct materials, and conversion costs. 2. Calculate cost per equivalent unit for transferred-in costs, direct materials, and conversion costs.
3. Summarize total costs to account for, and assign total costs to units completed fend transferred out and to units in ending work in process.

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Physical Units Transferred-in Direct Conversion tons) 50 CostsMaterials Costs 50,000$0$20,000 60% 2 Work in process, beginning inventory (June 1) 3 Degree of completion, beginning work in process 4 Transferred-in during Jure 5 Completed and transfered out during June 6 Work in process, ending inventory (June 30) 7Degree of completion, ending work in process 8 Total costs added during June 100% 0% 90 100 40 75% 95,000 $25,000 $52,000 100% 0%