Question: Fall Fun Inc. Uses the weighted average method of process costing. Fall Fun Inc. uses the weighted average method of process costing. Beginning work in

Fall Fun Inc. Uses the weighted average method of process costing.
Fall Fun Inc. Uses the weighted average method of process costing. Fall

Fall Fun Inc. uses the weighted average method of process costing. Beginning work in process inventory consisted of $40,000 in direct materials and $85,000 in conversion costs. There were $50,000 of direct materials and $100,000 of conversion costs added this period. Equivalent units for the period were: Direct Materials Direct Labor 120,000 120,000 Units Completed Units in Ending Work in Process Total Equivalent Units 30,000 80,000 150,000 200.000 Calculate the following items: 1. Cost per equivalent unit for direct materials - $ 2. Cost per equivalent unit for direct labor - $ 3. Total cost assigned to goods completed and transferred out - $ 4. Total cost assigned to ending work in process - $ Do not round your answers. (Remember you can email me a calculation sheet for possible partial credit.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!