Question: I need to know how you got the answer like to see an explanation or the math work The candy making department at WONKA provides
The candy making department at WONKA provides you with the following information for August. All direct materials are placed in process at the beginning of production. The facts are: Purchases Incurred Allocated Completed Ending WIP Aug, 1 | WIP 5,000 units (50% complete) Aug, 31 DM 312,000 units Aug, 31 DL Aug, 31 FO Aug, 31 305,000 units Aug. 31 unfinished units are 20% complete $40,000 $1,000,000 $200,000 $100,000 REQUIRED: Use the weighted average process cost method to identify and classify the costs below Determine the number of units of work in process inventory at the end of the month. 2. 1. Determine the equivalent units of productions for direct materials and conversion costs 3. Determine direct materials cost per equivalent unit. 4. Determine conversion cost per equivalent unit. 5. Cost of beginning work in process completed during August 6. Cost of units started and completed during August 7. Cost of ending work in process
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
