Assume that Concrete Creations uses the weighted-average method for cost allocation. Determine equivalent units of production...

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Assume that Concrete Creations uses the weighted-average method for cost allocation. Determine equivalent units of production for the Forming Department for the month of May. Percent Completed Units Materials Conversion Work in Process, Beginning 10,000 100% 60% Started Into Production 90,000 Total Units in Production Completed and Transferred out 80,000 100% 100% Work in Process, Ending 20,000 100% 40% Total Units Reconciled Equivalent Units Materials Conversion Question 2 Assume that Concrete Creations uses the weighted-average method for cost allocation. Compute the cost per equivalent units of production for the Forming Department. Work in Process, Beginning (a) Started into Production (b) Total Costs (a)+(b) Equivalent Units (d) Cost per Equivalent Unit (e) (c)/(d) Materials (f) Conversion (g) Total Cost (h) =)f)+(g) Question 3 Assume that Concrete Creations uses the weighted-average method for cost allocation. Calculate the total cost of ending work in process inventory as well as total cost of units transferred out for May. Equivalent Units Materials Conversion Completed and Transferred Out Work in Process, Ending Material s /unit Conversion $ /unit Total Work in process Ending Materials Conversion Total Cost Assume that Concrete Creations uses the weighted-average method for cost allocation. Determine equivalent units of production for the Forming Department for the month of May. Percent Completed Units Materials Conversion Work in Process, Beginning 10,000 100% 60% Started Into Production 90,000 Total Units in Production Completed and Transferred out 80,000 100% 100% Work in Process, Ending 20,000 100% 40% Total Units Reconciled Equivalent Units Materials Conversion Question 2 Assume that Concrete Creations uses the weighted-average method for cost allocation. Compute the cost per equivalent units of production for the Forming Department. Work in Process, Beginning (a) Started into Production (b) Total Costs (a)+(b) Equivalent Units (d) Cost per Equivalent Unit (e) (c)/(d) Materials (f) Conversion (g) Total Cost (h) =)f)+(g) Question 3 Assume that Concrete Creations uses the weighted-average method for cost allocation. Calculate the total cost of ending work in process inventory as well as total cost of units transferred out for May. Equivalent Units Materials Conversion Completed and Transferred Out Work in Process, Ending Material s /unit Conversion $ /unit Total Work in process Ending Materials Conversion Total Cost