Question: Marginal Maintenance Company makes screwdrivers in a single process and uses weighted average process costing. All material is added at the start of the process.
Marginal Maintenance Company makes screwdrivers in a single process and uses weighted average process costing. All material is added at the start of the process. The following information is available for May production:
Units
Beginning Work in Process (30% complete) 4,000
Plus: Units Started 20,000
Total to Account for 24,000
Less: Ending Work in Process (40% complete) 5,000
Units Completed 19,000
The following costs are available for May:
Material Conversion Cost Total Cost
Beginning Work in Process $7,800 $7,000 $14,800
Current Cost $52,200 $56,000 $108,200
Total Cost $60,000 $63,000 $123,000
In the forming department, all the materials are added at the beginning of the processing in the department. At the end of the year, 18,000 units remain in Work in Process inventory in the department. With respect to materials, how many equivalent units are in ending inventory?
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