Check your worksheet by changing the beginning work in process inventory to $100$ units, the units started into production during the period to $2,500$ units, and the units in ending work in process inventory to $200$ units, keeping all of the other data the same as in the original example. If your worksheet is operating properly, the cost per equivalent unit for materials should now be $$152\mathrm{.}50$ and the cost per equivalent unit for conversion should be $$145\mathrm{.}50.$

Beginning work in process inventory:

Units in process $200$

Completion with respect to materials $55\%$

Completion with respect to conversion $30\%$

Costs in the beginning work in process inventory:

Materials cost $$9,600$

Conversion cost $$5,575$

Units started into production during the period $2,500$

Costs added to production during the period:

Materials cost $$368,600$

Conversion cost $$350,900$

Ending work in process inventory: $200$

Units in process $400$

Completion with respect to materials $40\%$

Completion with respect to conversion $25\%$

Enter a formula into each of the cells marked with a $?$ below

Weighted Average method:

Equivalent Units of Production

Materials Conversion

Units transferred to the next department $2,4002,400$

Equivalent units in ending work in process inventory:

Materials $160$

Conversion $50$

Equivalent units of production $2,5602,450$

Costs per Equivalent Unit

Materials Conversion

Cost of beginning work in process inventory $ $9,600$ $ $5,575$

Costs added during the period $368,600350,900$

Total cost $ $378,200$ $ $356,475$

Equivalent units of production $2,4802,450$

Cost per equivalent unit $$152\mathrm{.}50$ $$145\mathrm{.}50$

Costs of Ending Work in Process Inventory and the Units Transferred Out

Materials Conversion Total

Ending work in process inventory:

Equivalent units $8050$

Cost per equivalent unit $$152\mathrm{.}50$ $$145\mathrm{.}50$

Cost of ending work in process inventory $$12,200$ $$7,275$ $$19,475$

Units completed and transferred out:

Units transferred to the next department $2,4002,400$

Cost per equivalent unit $$152\mathrm{.}50$ $$145\mathrm{.}50$

Cost of units transferred out $$366,000$ $$349,200$ $$715,200$

Cost Reconciliation

Costs to be accounted for:

Cost of beginning work in process inventory $ $15,175$

Costs added to production during the period $719,500$

Total cost to be accounted for $ $734,675$

Costs accounted for as follows:

Cost of ending work in process inventory $ $19,475$

Cost of units transferred out $715,200$

Total cost accounted for $ $734,675$