Question: 128) Anders Inc uses the weighted average method in its process costing system. The following data concern the operations of the company's first processing department

 128) Anders Inc uses the weighted average method in its process

128) Anders Inc uses the weighted average method in its process costing system. The following data concern the operations of the company's first processing department for a recent month 800 70% 10% Work in process, beginning Units in process Percent complete with respect to materials Percent complete with respect to conversion Costs in the beginning inventory Materials cost Conversion cost Unats started into production during the month Unats completed and transferred out Costs added to production during the month: Materials cost Conversion cost Work in process, ending Units in process Percent complete with respect to materials Percent complete with respect to conversion $ 1,736 $ 2,288 18,000 18,400 $ 59,908 $ 520,696 400 70% 20% Required: a Determine the equivalent units of production b. Determine the costs per equvalent unat c. Determine the opet of ending work in process inventory. d Determine the cost of the units transferred to the next department

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!