Shirley Processing, Incorporated (SPI) makes adhesive tape. The following information on the physical flow of units...
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Shirley Processing, Incorporated (SPI) makes adhesive tape. The following information on the physical flow of units and costs for month of March: Quantities Beginning work-in-process Started Physical units 125,000 Percentage Complete Materials 100% Conversion 40% 966,000 To account for 1,091,000 Transferred out Accounted for 993,500 100% 100% Ending work in process 97,500 100% 20% 1,091,000 $ Direct Materials $ 185,180 1,420,020 Conversion $ 37,390 818,550 $ 1,605,200 $ 855,940 Cost Total Beginning work-in-process Current period $ 222,570 2,238,570 Total 2,461,140 Required: a. Compute the equivalent units for the conversion cost calculation for March assuming Shirley Processing, Incorporated uses the weighted-average method. b. Compute the cost per equivalent unit for direct materials and conversion costs for March assuming Shirley Processing, Incorporated uses the weighted-average method. Complete this question by entering your answers in the tabs below. Required A Required B Compute the equivalent units for the conversion cost calculation for March assuming Shirley Processing, Incorporated uses the weighted-average method. Equivalent units Shirley Processing, Incorporated (SPI) makes adhesive tape. The following information on the physical flow of units and costs for month of March: Quantities Beginning work-in-process Started Physical units 125,000 Percentage Complete Materials 100% Conversion 40% 966,000 To account for 1,091,000 Transferred out Accounted for 993,500 100% 100% Ending work in process 97,500 100% 20% 1,091,000 $ Direct Materials $ 185,180 1,420,020 Conversion $ 37,390 818,550 $ 1,605,200 $ 855,940 Cost Total Beginning work-in-process Current period $ 222,570 2,238,570 Total 2,461,140 Required: a. Compute the equivalent units for the conversion cost calculation for March assuming Shirley Processing, Incorporated uses the weighted-average method. b. Compute the cost per equivalent unit for direct materials and conversion costs for March assuming Shirley Processing, Incorporated uses the weighted-average method. Complete this question by entering your answers in the tabs below. Required A Required B Compute the equivalent units for the conversion cost calculation for March assuming Shirley Processing, Incorporated uses the weighted-average method. Equivalent units
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