Question: E4-4B. Equivalent Units and Product Cost Report-Weighted Average Method The following data (and LO3, 4 annotations) for March 2016 are for the work in process
E4-4B. Equivalent Units and Product Cost Report-Weighted Average Method The following data (and LO3, 4 annotations) for March 2016 are for the work in process account of the first of Olympus Company's four departments used in manufacturing its only product. Work in Process-Department 1 Beginning balance (3,000 units, 40% complete) $12,600 5,600 Transferred to Department 2: (23,000 units) 96,000 77,300 36,700 Manufacturing overhead... Ending balance [ units, 25% complete Assuming that Olympus uses the weighted average method, that materials are added at the beginning of the process and that conversion costs are incurred evenly throughout, solve for the three missing numbers
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