Question

Felix and Sons is a toy maker and produces Flying Fling-bats, a soft foam rubber weapon. All direct materials are added at the beginning of production, and conversion costs are incurred evenly throughout production. Conversion was 75% complete for the 8,000 units in WIP on December 1 and 50% complete for the 6,000 units in WIP on December 31.
During the month, 12,000 Flingbats were completed and transferred out as finished goods. Following is a summary of the costs for the period:


REQUIRED
Using the weighted average method, prepare a schedule calculating the total cost per equivalent unit forDecember.


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  • CreatedJanuary 26, 2015
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