Question: Onara Corporation uses the weighted average method in its process costing system. Data concerning its second processing department for the month of July 2023 is
Onara Corporation uses the weighted average method in its process costing system. Data concerning its second processing department for the month of July 2023 is as follows Costs Units 10,000 120,000 Ending work in process 4,000 Beginning work in process was 100% complete with regard to direct materials and 90% complete with regard to conversion Ending work in process was 100% complete with regard to direct materials and 40% complete with regard to conversion REQUIRED: Beginning Work in process Units started into production How many units were completed and transferred out? Calculate the equiva ht units of production for direct materials Calculate the total cost of units transferred to the next department Calculate the equivalent units of production for conversion Calculate the total cost of the ending work-in-process Calculate the equivalent cost per unit for conversion Calculate the equivalent cost per unit for materials LA LA $ $ Direct Materials 28,000 440,000 $ 55 $ 35,920 500,000 Conversion >
ending work in process was 100K complete with regard to dire de materass and yus complete with regard to conversion REQUIRED
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