On March 1, Winston Company had 25,000 units of beginning inventory in work in process, which were

Question:

On March 1, Winston Company had 25,000 units of beginning inventory in work in process, which were 60% complete with the following costs:

During March, 60,000 units were started. There were 15,000 units remaining in work in process at the end of the month, which were 80% complete. Materials are added at the beginning of the process, and direct labor and conversion costs are incurred evenly during the process.
March costs were:

a. Trace the physical flow of the units.

b. Assume use of the weighted average method. Determine the equivalent units for each product cost.

c. Assume use of the weighted average method. Calculate the unit cost for each product cost

d. Assume use of the weighted average method. Allocate the total costs between the finished goods and the goods still in work in process.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Managerial Accounting

ISBN: 9780137689453

1st Edition

Authors: Jennifer Cainas, Celina J. Jozsi, Kelly Richmond Pope

Question Posted: