Problem One

Stevie's Sundials uses the weighted$-$average method in its process costing system. Data

concerning the first processing department for the most recent month are listed below:

Beginning work in process inventory:

Units in beginning work in process inventory $700$

Materials costs $$8,000$

Conversion costs $$7,800$

Percentage complete with respect to materials $50\%$

Percentage complete with respect to conversion $35\%$

Units started into production during the month $5,200$

Units transferred to next department during month $4,400$

Materials costs added during the month $$90,300$

Conversion costs added during the month $$125,600$

Ending work in process inventory:

Units in ending work in process inventory $1,500$

Percentage complete with respect to materials $50\%$

Percentage complete with respect to conversion $30\%$

Use this information to determine the following:

$1.$ Equivalent units for materials for the month in the first processing department, and the

cost per equivalent unit for materials.

$2.$ Equivalent units for conversion costs for the month in the first processing department,

and the cost per equivalent unit for conversion costs.

$3.$ The cost of production per equivalent unit for the month in the first department.

$4.$ The total cost transferred from the first processing department to the next processing

department during the month.

$5.$ The cost of ending work in process inventory in the first processing department.