The WISCO Company uses a weighted-average process costing system. The following data are available: Beginning inventory ..............................
Question:
The WISCO Company uses a weighted-average process costing system. The following data are available:
Beginning inventory ……………………………………………………............................…….. -0-
Units started in production …………………………………….....................…………… 20,000
Units finished during the period ……………………………………..................……… 16,000
Units in process at the end of the period
(Complete as to materials, 25% complete as to labor and overhead ……….. 4,000
Cost of materials used ………….…………………………........................……………… $35,200
Labor and overhead costs ……….…………………………………….....................….. $37,400
Equivalent units of production for material
Equivalent units of production for labor and overhead
Unit cost of material?
Cost of labor and overhead?
Total cost of the 16,000 units finished?
Total cost of the 4,000 units of the ending inventory?
Expert Answer:
Compute equivalent units of production for material as given below Equivalent units of ... View the full answer
Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1133161646
7th Edition
Authors: Gary A. Porter, Curtis L. Norton
