Question: 1 Trez Company One uses the weighted-average method in its process costing system. The following data were taken from the records of the first processing
1 Trez Company One uses the weighted-average method in its process costing system. The following data were taken from the records of the first processing department for a recent month. Complete Steps1 through 5 in the tables below:
Step 1. Summary of physical units
Percent Completed
Units
Material
Conversion
Beginning WIP
40
60%
50%
Units started into production
190
Units completed and transferred out
?
Ending WIP
30
50%
40%
Step 2: Calculate EUP
Weighted Average method:
Equivalent Units of Production
Materials
Conversion
Units completed and transferred out
?
?
Ending work in process inventory:
Materials
?
Conversion
?
Equivalent units of production
?
?
Step 3: Summary of Total Costs
Materials
Conversion
Total Costs
Costs Beginning WIP
6,200
$16,300
?
Cost added in production during the period
42,390
136,340
?
Total Cost
?
?
?
Step 4: Calculate Costs/EUP
Costs per Equivalent Unit
Materials
Conversion
Total cost
?
?
Equivalent units of production
?
?
Cost per equivalent unit
?
?
Step by Step Solution
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