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

 

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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) 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)

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