Question: Applying Costs to UnitsWeighted-Average Method Data concerning a recent period's activity in the Prep Department, the first processing department in a company that uses process
Applying Costs to UnitsWeighted-Average Method
Data concerning a recent period's activity in the Prep Department, the first processing department in a company that uses process costing, appear below:
A total of 20,100 units were completed and transferred to the next processing department during the period.
Materials Conversion
Equivalent units of production in ending work in process $2000 $800
Cost per equivalent unit $13.86 $4.43
1. Compute the cost of the units transferred to the next department during the period and the cost of ending work in process inventory.
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