Question: Units in ending WIP Inventory were 50% complete for conversion costs. The following costs existed or were added to the WIP Inventory account in
Units in ending WIP Inventory were 50% complete for conversion costs. The following costs existed or were added to the WIP Inventory account in January. Total Costs DM Conversion Costs Costs in beginning WIP Inventory (from last period) $718 $298 $420 Costs added to WIP Inventory this period 3,217 1,102 2,115 Total costs to account for $3,935 $1,400 $2,535 Windsor's uses the weighted-average method of process costing. (a) Your answer is correct. Complete Steps 1 and 2 of the template to determine the equivalent units of work done during January. Total equivalent units of work done DM 2000 Conversion Cost 1950 Complete Steps 3-5 of the template to determine the cost per equivalent unit and to assign DM costs and conversion costs to the physical units of the period. Carefully label the total cost of units completed. (Round answers to 2 decimal places, e.g. 15.25.) Cost per equivalent unit $ DM Conversion Cost 0.7 $ Total cost of units completed $ 3800 Cost of units in ending inventory $ 135 (c1) eTextbook and Media 1.3 Attempts: 2 of 3 used What was Windsor's total cost of completing one unit of lotion this month? (Round answer to 2 decimal places, e.g. 15.25.) Total cost of completing one unit this month $
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