Cost Information and the Weighted Average Method Morrison Company had the equivalent units schedule and cost information for its Sewing Department for the month of December, as shown below. Units completed Add: Units in ending work in process X Percentage complete: 10,000 x 100% direct materials 10,000 x 45% conversion materials Eqivalent units of output Costs: Work in process, December 1: Direct materials Conversion costs Total work in process Current costs: Direct materials Check My Work Direct Materials 45,000 10,000 55,000 Conversion Costs 45,000 4,500 49,500 $66,000 14,000 $80,000 $550,000

Cost Information and the Weighted Average Method Morrison Company had the equivalent units schedule and cost information for its Sewing Department for the month of December, as shown below. Units completed 45,000 45,000 Add: Units in ending work in process Percentage complete: 10,000100%direct 10,000 materials 10,00045%conversion materials Eqivalent units of output Costs: Work in process, December 1: Direct materials Conversion costs Total work in process Current costs: Direct materials Conversion costs Total current costs $66,000 \begin{tabular}{r} 14,000 \\ \hline 580,000 \\ \hline \end{tabular} \begin{tabular}{r} $550,000 \\ 184,000 \\ \hline$734,000 \\ \hline \end{tabular} Required