Lesson 4a Instructor Hand-in Problem Sherly Ramirez Weighted Average Process Costing Solution Sheet UNITS SECTION Equivalent Units Physical Materials Conversion Units Costs Units to be accounted for: Work-in-process, beginning 10,000 XXXXXXX XXXXXXXX Units started during the period 60,000 XXXXXXX XXXXXXXX Total units to be accounted for 70,000 XXXXXXX XXXXXXXX Units accounted for: Work-in-process, ending 12,000 12,000 3,600 Completed and transferred out 58,000 58,000 58,000 Total units accounted for 70,000 70,000 61,600 COST (DOLLARS) SECTION Total Materials Conversion $ $ Costs $ Costs to be accounted for: Work-in-process, beginning $ 5,000 $ 4,000 $ 1,000 Costs added during the period 32,000 28,000 4,000 Total costs to be accounted for $ 37,000 $ 32,000 $ 5,000 Equivalent units from above XXXXXX 70,000 61,600 Cost per equivalent unit 0.54 0.46 0.08 Costs accounted for: Work-in-process, ending $ 5,778 $ 5,486 $ 292 Completed and transferred out 31,222 26,514 4,708 Total costs accounted for $ 37,000 $ 32,000 $ 5,000 how are these answers calculated