Question: Exercise 1 2 - 1 2 B Process costing: Determining equivalent units and allocating costs Wautoma Corporation, which makes suitcases, completed 4 2 , 0

Exercise 12-12B Process costing: Determining equivalent units and allocating costs
Wautoma Corporation, which makes suitcases, completed 42,000 suitcases in August Year 2. At the
end of August, work in process inventory consisted of 5,000 suitcases estimated to be 40 percent
complete. Total product costs for August amounted to $880,000.
Required
Please Include EXCEL formulas or sheet
a. Determine the cost per equivalent unit.
b. Determine the cost of the goods transferred to finished goods.
c. Determine the cost of the ending work in process inventory.
Exercise 12-12B Process costing: Determining equivalent units and allocating costs Wautoma

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