Question: im having trouble answering this question Process Costing - Weighted Average General information The Betty Design Company has a related company that produces the figurines.


Process Costing - Weighted Average General information The Betty Design Company has a related company that produces the figurines. They use process conting in the molding department. The factory Overhead is applied at a rate of 50% of direct labor dollars. The material is added at the beginning of the process. The labor and overhead costs are assumed to be added uniformly throughout Month of January Selected information for January is presented below. Note that the applied overhead rate was 50% of direct labor costs in the molding department. Molding Department Goods in-process as of January 1 were 2,900 figurines at a cost of $54.490.25.00. Of this amount, $1,334.00 was from raw materials added, $35,437.50 for labor and $17.718.50 for overhead. These 2,900 figurines were assumed to be 70.00% complete as to labor and overhead. During January, 22,500 units were started, $11,250.00 of materials and $9.003.75 of labor costs were incurred. The 4,000 figurines that were in process at the end of January were assumed to be 20.00% complete to labor and overhead. All figurines in January passed inspection Points are awarded for the highlighted areas Molding Physical flow of Units Work in Process - Beginning Units Started this Period Units to Account for unite unt Total transferred out Work in Process - Ending Total Accounted for units Equivalent Units Material Equivalent Units Conversion Total cost of Material (Round to two places, ###) Total cost of Conversion (Round to two places, www. Total cost to account for (Round to two places, ##### Cost per equivalent unit of Material (Round to seven places, Cost per equivalent unit of Conversion (Round to seven places, cost of the ending inventory material and convesion (Round to lwd places, Cost of the units transferred, material and convesion (Round to two places, St . S
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