Question: please help asap Using the weighted-average method, compute the equivalent units of production if the beginning inventory consisted of 20,000 units; 55,000 units were started
please help asap
Using the weighted-average method, compute the equivalent units of production if the beginning inventory consisted of 20,000 units; 55,000 units were started in production; and 58,000 units were completed and transferred to finished goods inventory. For this process, materials are added at the beginning of the process, and the units are 45% complete with respect to conversion.
| Equivalent Units of Materials | fill in the blank 1 |
| Equivalent Units of Conversion | fill in the blank 2 |
Question Content Area
Mazomanie Farm completed 17,000 units during the quarter and has 2,100 units still in process. The units are 100% complete with regard to materials and 45% complete with regard to conversion costs. What are the equivalent units for materials and conversion?
| Equivalent Units of Materials | fill in the blank 1 |
| Equivalent Units of Conversion | fill in the blank 2 |
Question Content Area
Mazomanie Farm completed 17,000 units during the quarter and has 2,100 units still in process. The units are 100% complete with regard to materials and 45% complete with regard to conversion costs. What are the equivalent units for materials and conversion?
| Equivalent Units of Materials | fill in the blank 1 |
| Equivalent Units of Conversion | fill in the blank 2 |
A production department within a company received materials of $8,000 and conversion costs of $9,000 from the prior department. It added material of $32,920 and conversion costs of $62,280. The equivalent units are 22,000 for material and 19,800 for conversion. What is the unit cost for materials and conversion? When required, round final answers to two decimal places.
| Unit Cost | |
| Materials | $fill in the blank 1 |
| Conversion | $fill in the blank 2 |
Production data show 35,830 units were transferred out of a stage of production and 6,200 units remained in ending WIP inventory that was 100% complete to material and 35% complete to conversion. The unit material cost is $4 for material and $7 for conversion. What is the amount of inventory transferred out and remaining in ending work in process inventory?
| Transferred out | $fill in the blank 1 |
| Ending inventory | $fill in the blank 2 |
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