Question: SONY Woolens is a manufacturer of wool cloth. The company is using weighted average method. The information for March is as follows: Beginning Work

SONY Woolens is a manufacturer of wool cloth. The company is using 

SONY Woolens is a manufacturer of wool cloth. The company is using weighted average method. The information for March is as follows: Beginning Work in Process Started Units Completed Units Ending Work in Process Total Cost added during Physical units Direct Material Conversion Costs $2,600 10,000 units $6,000 20,000 units 25,000 units ? $60,000 $16,650 Degree of completion for ending work in process: direct materials, 100%; conversion costs, 50%. Required: 1- Compute the physical units (20 marks) 2- Compute the equivalent units (10 marks) 3- Compute the total cost to account for (20 marks) 4- Compute the cost per equivalent units (20 marks) 5- Assign the cost to completed units and ending work in process (10 marks)

Step by Step Solution

3.49 Rating (162 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Solution The current in the c... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!