Question: 1. Assume that weighted average method is used. Beginning WIP (4,000 units) Units started during period (30,000) Ending WIP (10,000 units) Materials CC 25%

1. Assume that weighted average method is used. Beginning WIP (4,000 units)

1. Assume that weighted average method is used. Beginning WIP (4,000 units) Units started during period (30,000) Ending WIP (10,000 units) Materials CC 25% 30% 30% 10% a) What are the equivalent units of production? b) Assuming that this department had material cost of $35,100 and CC of $15,000, what is the unit cost of this product? c) What is the value assigned to the goods transferred out to the next department? d) What is the value assigned to ending WIP?

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