Question: Problem 5-14 (Static) Analysis of Work in Process T-account-Weighted-Average Method [LO5-1, LO5-2, LO5-3, LOS-4] Weston Products manufactures an industrial cleaning compound that goes through three
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Problem 5-14 (Static) Analysis of Work in Process T-account-Weighted-Average Method [LO5-1, LO5-2, LO5-3, LOS-4] Weston Products manufactures an industrial cleaning compound that goes through three processing departments-Grinding, Mixing. and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-occount for the Grinding Department for May is given below: The May 1 work in process inventory consisted of 48,000 pounds with $14,600 in materials cost and $7,200 in conversion cost The May 1 work in process inventory was 100% complete with respect to materials and 30% complete with respect to comversion. During May, 167,000 pounds were started into production. The May 31 inventory consisted of 15.000 pounds that were 100% complete with respect to materials and 600 cemplete with respect to conversion. The company uses the weighted average method in its process costing system Required: 1. Compute the Grinding Dopartment's equivalent units of production for moterials and conversion in May. 2. Compute the Grinding Department's costs per equivalent unit for materials and conversion for May. 3. Compute the Grinding Department's cost of ending work in process inventory for materials, conversion, and in total for May. 4. Compute the Grinding Department's cost of units uransferred out to the Mixing Department for materials, cormersion, and in total for May. Required: 1. Compute the Grinding Department's equivalent units of production for materials and conversion in May. 2. Compute the Grinding Department's costs per equivalent unit for materials and conversion for May. 3. Compute the Grinding Department's cost of ending work in process inventory for materials, conversion, and in total for May, 4. Compute the Grinding Department's cost of units transferred out to the Mixing Department for materials, conversion, and in to May. Complete this question by entering your answers in the tabs below. Compute the Grinding Department's equivalent units of production for materiais and conversion in May. Complete this question by entering your answers in the tabs below. Compute the Grinding Department's costs per equivalent unit for materials and conversion for May. (Round your answers to 2 decimal places.) Complete this question by entering your answers in the tabs below. Compute the Grinding Department's cost of ending work in process inventory for materials, conversion, and in total for May. (Round your intermediate calculations to 2 decimal places.) Required: 1. Compute the Grinding Department's equivalent units of production for materials and conversion in May. 2. Compute the Grinding Department's costs per equivalent unit for materials and conversion for May. 3. Compute the Grinding Department's cost of ending work in process inventory for materials, conversion, and in total for May. 4. Compute the Grinding Department's cost of units transferred out to the Mixing Department for materials, conversion, and in total for. May. Complete this question by entering your answers in the tabs below. Compute the Grinding Department's cost of units transferred out to the Mixing Department for materials, conversion, and in total for May, (Round your intermediate calculations to 2 decimal places.)
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