NAME ____________________________________
	Be-Well Inc. uses the weighted-average method in its process costing system. The following data
	concern the operations of the company's first processing department for a recent month.
	Work in process, beginning:
	Units in process	300
	Percent complete with respect to materials	60%
	Percent complete with respect to conversion	60%
	Materials cost	$342
	Conversion cost	$4,518
	Units started into production during the month	22,000
	Materials cost added to production	$45,963
	Conversion cost added to production	$538,602
	Units completed and transferred out	21,800
	Work in process,ending:
	Units in process	500
	Percent complete with respect to materials	50%
	Percent complete with respect to conversion	20%
Required:
Using the weighted-average method:
a. Determine the equivalent units of production for materials and conversion costs.
b. Determine the cost per equivalent unit for materials and conversion costs.
c. Determine the cost of units transferred out of the department during the month.
d. Determine the cost of ending work in process inventory in the department.
e. Reconcile the costs
		Equivalent Units (EU)
		Materials	Conversion
a.	Units transferred out
	_______________ units x _______%
	WIP ending:
	Materials _______________units x ______%
	Conversion _______________units x ______%
	Total equivalent units of production
b.		Materials	Conversion
	Cost of beginning WIP
	Cost added during the period
	Total cost
	Equivalent units of production
	Cost per equivalent unit
c.	Units completed and transferred out:	Materials	Conversion	Total
	Equivalent units of production
	Cost per equivalent unit
	Cost of units transferred out
		Materials	Conversion	Total
d.	Ending WIP:
	Equivalent units of production
	Cost per equivalent unit
	Cost of ending WIP
e.	Costs to be accounted for:
	Cost of beginning WIP
	Costs added to production
	Total cost to be accounted for
	Costs accounted for as follows:
	Cost of ending WIP
	Cost of units completed and transferred
	Total cost accounted for