Question: The Assembly Department uses a process cost accounting system. The department adds materials at the beginning of the process and incurs conversion costs uniformly throughout
The Assembly Department uses a process cost accounting system. The department adds materials at the beginning of the process and incurs conversion costs uniformly throughout the process. During May $230,000 of materials costs and 587,800 in conversion costs were added to work in process. The beginning work in process inventory on May 1 comprised of $40,000 of materials costs and $27.000 of conversion costs. The company employs the weighted average method of process costing Other data for the month of May are as follows: Beginning work in process inventory 5/1 2.500 units (30% completel Units started in May 7.500 units Ending work in process inventory 5/31 3.000 units (40% completed NOTE: All dollar answers must be in the following format: S8,88 (522,222). Unit answers must be in the following format XX.XXX (22,272) The number of units transferred out of the sembly department was type your The equivalent units of me materials for the month of May was The watent units of conversion costs during the month of Mayw | type your uniwer The cost per equivalent unit of materials in the month of May type your The cont per ecuivalent unit of conversion costs in the month of May was The total cost assigned to the ending work in process on May 31stre pour awer The total consigned to the units transferred out of the Assembly Department during Maywas your
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