Calculate Equivalent Units, Unit Costs, and Transferred CostsWeighted Average Method

Godfrey Manufacturing, Inc., operates a plant that produces its own regionally-marketed Spicy Steak Sauce. The sauce is produced in two processes, blending and bottling. In the Blending Department, all materials are added at the start of the process, and labor and overhead are incurred evenly throughout the process. Godfrey uses the weighted average method. The following data from the Work in ProcessBlending Department account for January 2016 is missing a few items:

Required

Assuming Godfrey uses the weighted average method in process costing, calculate the following amounts for the Blending Department:

1. Number of units in the January 31 inventory.

2. Equivalent units for materials and conversion costs.

3. January cost per equivalent unit for materials and conversion costs.

4. Cost of the units transferred to the Bottling Department.

5. Cost of the incomplete units in the January 31 inventory.

Round average cost per equivalent unit to four decimal places. Use rounded answers for subsequent calculations. Round other answers to the nearest whole number.

Not sure if my answers are correct for first equivalent units? Need answers for the rest of problem.

Godfrey Manufacturing,Inc. Blending Department Flow of Units and Equivalent Units Calculation, January 2016 Equivalent Units % Work % Work Direct Materials Conversion cone Done Costs 100 100 Complete/Transferred 60,000 60,000 60,000 100 70 Ending Inventory 6,000 4,200 6,000 Total 66,000 b. 66,000 64,200 b. Direct Materials Conversion Costs Beginning Inventory Current Total Costs to Account For Total Equivalent Units Average cost/Equivalent unit (round four decimal places) Complete Transferred: Direct Materials C) Lonversion costS Cost of Goods Manufactured 0 d Ending Inventory: Direct Materials C) Lonversion costS Cost of Ending Inventory e. otal Costs Allocated Godfrey Manufacturing,Inc. Blending Department Flow of Units and Equivalent Units Calculation, January 2016 Equivalent Units % Work % Work Direct Materials Conversion cone Done Costs 100 100 Complete/Transferred 60,000 60,000 60,000 100 70 Ending Inventory 6,000 4,200 6,000 Total 66,000 b. 66,000 64,200 b. Direct Materials Conversion Costs Beginning Inventory Current Total Costs to Account For Total Equivalent Units Average cost/Equivalent unit (round four decimal places) Complete Transferred: Direct Materials C) Lonversion costS Cost of Goods Manufactured 0 d Ending Inventory: Direct Materials C) Lonversion costS Cost of Ending Inventory e. otal Costs Allocated