Question: Manzer Enterprises produces premier raspberry jam Output is measured in

Manzer Enterprises produces premier raspberry jam. Output is measured in pints. Manzer uses the weighted average method. During January, Manzer had the following production data:
Units in process, January 1, 60 percent complete ....... 36,000 pints
Units completed and transferred out ............240,000 pints
Units in process, January 31, 40 percent complete ....... 75,000 pints
Costs:
Work in process, January 1 ......... $ 54,000
Costs added during January ......... 351,000

Required:
1. Using the weighted average method, calculate the equivalent units for January.
2. Calculate the unit cost for January.
3. Assign costs to units transferred out and EWIP.



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  • CreatedSeptember 22, 2015
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