The activity in Nolan Company's Blending Department for the month of April is given below: Number Conversion
Question:
The activity in Nolan Company's Blending Department for the month of April is given below:
Number | Conversion | ||
of Units | Percent Completed | ||
Work-in-process inventory, April 1 | 8,000 | 40% | |
Started into the process during the month | 50,000 | ||
Work-in-process inventory, April 30 | 10,000 | 70% | |
All materials are added at the beginning of processing in the Blending Department.
Costs:
Beginning work in Process Inventory $17,500
Cost per equivalent unit –Materials $1.75
-Conversion $ .50
Nolan uses the Weighted Average method for the Blending Department for April.
Calculate the equivalent units for i) Materials
ii) Conversion
Equivalent Units
Materials Conversion
iii). Calculate the cost of the units completed and transferred out of the department during April. Show your calculations.
Expert Answer:
Solution i Equivalent unit of Material 58000 units ii Equivalent Unit of Conversion 55000 units iii ... View the full answer
