Question: Integer Inc had the following production and cost information for

Integer Inc. had the following production and cost information for its fabrication department during April (materials are added at the beginning of the fabrication process):
Production:
Units in process, April 1, 50 percent complete with respect to conversion....5,000
Units completed....................................32,600
Units in process, April 30, 60 percent complete...................6,000
Costs:
Work in process, April 1:
Materials ............... $ 20,000
Conversion costs ............. 15,000
Total ................ $ 35,000
Current costs:
Materials ............. $ 62,500
Conversion costs ......... 105,000
Total .............. $167,500
Integer uses the weighted average method.

Required:
1. Prepare an equivalent units schedule.
2. Calculate the unit cost. (Note: Round answers to two decimal places).
3. Calculate the cost of units transferred out and the cost of EWIP.


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  • CreatedSeptember 22, 2015
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