Chapter $6$ Homework

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EX$.06\mathrm{.}16$

Weighted Average Method, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process

$2.$ EX$.06\mathrm{.}17$

$3.$ EX$.06\mathrm{.}22$

$4.$ EX$.06\mathrm{.}20$

$5.$ EX$.06\mathrm{.}21$

Holmes Products, Inc., produces plastic cases used for video cameras. The product passes through three departments. For April, the following equivalent units schedule was prepared for the first department:

$\backslash$table$[[,$Direct Materials,$\backslash$table$[[$Conversion$],[$Costs$]]],[$Units completed,$25,000,25,000]]$

Units, ending work in process $$ Percentage complete:

$8,000100\%$

$8,00050\%$

Equivalent units of output

$\backslash$table$[[8,000],[-],[33,000],[29,000]]$

Costs assigned to beginning work in process: direct materials, $$90,000$; conversion costs, $$33,750.$ Manufacturing costs incurred during April: direct materials, $$75,000$; conversion costs, $$220,000.$ Holmes uses the weighted average method.

Required:

Compute the unit cost for April. If required, round your answer to the nearest cent.

$q,$ per equivalent unit

Determine the cost of ending work in process and the cost of goods transferred out.

Cost of ending work in process

Cost of goods transferred out

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Progress: $\frac{4}{5}$ items

$$

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