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:

Work in Process-Blending Department
January 1 inventory (5,000 gallons, 60% processed)
Direct material	$24,000
Conversion costs	11,800
Transferred to Bottling Department (60,000 gallons)
January charges:
Direct material (61,000 gallons)	305,000
Direct labor	147,200
Manufacturing overhead	97,600
January 31 inventory [ ? gallons, 70% processed]

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.

Calculate Equivalent Units, Unit Costs, and Transferred Costs -Weighted 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 oottling 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 Process-Blending Department account for January 2016 is Work in Process Blending Department January inwentary 5,000 galons, c processed Direct matta 524.00C Conversion 11.300 Transtered to Ecring Department 1.5 galong Jansry charges Direct material (81.000 gallona 306.000 Direct labo 147,200 Manufacturing ourhead $7,500 Jan.ry21 inventary[?gol. 70% procesad] Required Assuming Gadfrey uses the weighted average method in process costing calculate the following amounts for the Blending Department: a Number of units in the January 31 inventory b. Equivalent units for materials and conversion costs. January cost per equivalent unit for materials and conversion costs. Cost of the units transferred to the Bottling Department e Cost of the incomplete units in the January 31 inventory. Round average cost per equivalent unit to four decimal places. Use rounded answers for subsecuent calculations. Round other answers to the nearest whole number. Godfrey Manufacturing Inc, Blending Department Flow of Units and Equivalent Units Calculation, January 2016 Equivalent Units % Work Direct Work done Materials Done Complete laser % Lnding invertory Total Conversion Costs Product Cost Report Direct Materials Conversion Costs 5 5 5 Begin reventery Curren Tocal Costs to count + Total Equivalent Units Mwerage cost/Equivalent unit rund four decimal places Complete Transferred: Direct Macarist Concrsion COGS Cost of Good Nanoctured Ending Invertory Direct Me Conversion COGS Costcr Ending Inventory Total Costa Alocated 3 d. 3 3 5