Question: i need help in this question please Example 3.2 1 Dominican Bread factory uses the weighted average method in its process costing system. Data concerning
Example 3.2 1 Dominican Bread factory uses the weighted average method in its process costing system. Data concerning the first processing department for the month of March 2020 are listed below: Beginning WIP inventory 3,000 units: 60% complete for materials costing $59,645 40% complete to Conversion cost costing $ 53,967 Units started in the production during March 40,000 Units completed and transferred out to the next department 36,800 Ending WIP inventory 6,200 units: 50% complete for materials 35% complete for Conversion costs Materials costs added during the month $85,990 Conversion Cost added during the month $144,780 Required: A. Determine the equivalent units of production (EU) for the first processing department for the month of March. B. Calculate the cost per equivalent unit for Materials and for Conversion cost for the month in the first processing department. C. Calculate the cost of Ending WIP inventory. D. Calculate the cost of goods completed and transferred out
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
