Question: Cactus Jack inc. uses the weighted-average method for its process costing system. Its beginning WIP is 2,000 units, 30% complete for (DL). The company started
Cactus Jack inc. uses the weighted-average method for its process costing system. Its beginning WIP is 2,000 units, 30% complete for (DL). The company started 6,000 units this year and transferred 5,000 units out this year. It has an ending WIP of 40% complete for DL, and DL costs with beginning WIP were $610 and had an additional $2,800 in DL costs added during the year. What are Cactus Jack's EU for DL, cost per EU for DL, and the total value of DL in ending WIP?
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