Question: Jumper Company uses the weighted-average method in its process costing system. The following data pertain to operations in the first processing department for a recent
Jumper Company uses the weighted-average method in its process costing system. The following data pertain to operations in the first processing department for a recent month: 400 100% 80% Work in process, beginning: Units in process Percent complete with respect to materials Percent complete with respect to conversion Costs in the beginning inventory Materials cost... Conversion cost. Units started into production during the month Units completed and transferred out during the month Costs added to production during the month: Materials cost.... Conversion cost Work in process, ending: Units in process Percent complete with respect to materials... Percent complete with respect to conversion... $1,800 $3,300 15,000 14,400 $97,000 $215.000 ? 80% 40% What were the equivalent units of production for materials and conversion costs? What was the cost per equivalent unit for materials and conversion cost? How much cost, in total, was transferred to the next department during the month? How much cost, in total, is in ending work in process inventory
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