Question: Question 4. Broche Inc. uses the weighted-average method in its process costing system. The following data concern the operations of the company's first processing department
Question 4. Broche 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 100 70% 40% Percent complete with respect to materials Percent complete with respect to conversion..... Costs in the beginning inventory: Materials cost Conversion cost Units started into production during the month. Units completed and transferred out Costs added to production during the month S364 1.120 23,000 22,900 Materials cost S124.160 $637.088 Conversion cost Work in process, ending: 200 8000 70% Units in process Percent complete with respect to materials Percent complete with respect to conversion 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
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