2. Andy Company applies the weighted-average method of process costing.The Molding Department reported the following information for
Question:
2. Andy Company applies the weighted-average method of process costing.The Molding Department reported the following information for March. PhysicalUnits Percent complete with respect to materials Percent complete with respect to conversion Work in process, March 1 12,000 100% 70% Units started 20,000 Units completed and transferred out 28,000 Work in process, March 31 4,000 80% 40% Costs for March Materials Conversion Work in process, March 1 $70,000 $100,000 Added during the month $148,400 $136,800 Compute the cost per equivalent unit for materials, cost per equivalent unit for conversion, and cost of units completed and transferred out.
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello