Davies Manufacturing uses the weighted average method in its operations and shows the following information for its
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Question:
Davies Manufacturing uses the weighted average method in its operations and shows the following information for its first processing department:
Percent Complete | |||
Units | Materials | Conversion | |
Work in process, beginning | 300 | 85% | 40% |
Started into production | 9,100 | ||
Completed and transferred out | 8,700 | ||
Work in process, ending | 700 | 80% | 20% |
Materials | Conversion | ||
Work in process, beginning | $7,545 | $4,900 | |
Cost added during August | $240,300 | $242,400 |
Assume the number of equivalent units for Materials is 9,300. What is the cost per equivalent unit for Materials?
Assume the cost per equivalent unit for Conversion Costs is $27.98. What is the cost of units transferred out for Conversion Costs
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