Question

Holmes Products, Inc., produces plastic cases used for video cameras. The product passes through three departments. For April, the following equivalent units schedule was prepared for the first department:
Costs assigned to beginning work in process: direct materials, $90,000; conversion costs, $33,750. Manufacturing costs incurred during April: direct materials, $75,000; conversion costs, $220,000. Holmes uses the weighted average method.
Required:
1. Compute the unit cost for April.
2. Determine the cost of ending work in process and the cost of goods transferred out.


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  • CreatedSeptember 01, 2015
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