Muthuphone Mobiles Inc. produces mobile phones in a factory in Dhaka, Bangladesh to satisfy some local demands. Output is measured in a number of units. Materials are added at the beginning of the process in all departments. The company uses weighted-average method in the production process. During January 2023, the company had the following production data in the processing department:

Work-in-Process Inventory, January 1, 9,000 Units (40 percent complete)

Direct materials: $47,000

Conversion Cost: $63,000

In January, 130,000 units were completed and transferred to the packaging department.

The following costs were incurred by the processing department during January:

Direct materials: $280,700

Conversion Cost:415,160

On January 31, 15,000 units that were 60 percent complete remained in the processing department.

Required:

A.Determine equivalent units of production for January for the processing department forMaterials and Conversion costs.[5 marks]

B.Determine January's total costs to account for in the processing department.[3 marks]

C.Determine total cost per equivalent unit of production in the processing department forMaterials and Conversion Cost.[4

Answer rating: 100% (QA)

ANSWER To solve this problem well follow these steps A Determine equivalent units of production for ... View the full answer