Question: Moon Inc. uses the weighted-average method in its process costing system. It has the following data for February: 10,000 units were at the beginning inventory,

  1. Moon Inc. uses the weighted-average method in its process costing system. It has the following data for February:

10,000 units were at the beginning inventory, with 50% complete and a cost of $50,000.

100,000 units were started during this period.

90,000 units were completed during this period.

The total direct material, director labor, and manufacturing overhead cost that is newly incurred during this period is $450,000.

The companys ending work in process inventory has 20,000 units with 50% complete.

Required (13 points):

  1. How many equivalent units of product was produced for the period?

  1. What is the cost per equivalent unit?

  1. What is the cost of ending work-in-process inventory?

  1. What is the cost of goods manufactured?

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