*****USE THE FOLLOWING DATA TO ANSWER THE NEXT TWO (2) QUESTIONS*****

21. Here Co. uses weighted average process costing. At the end of the period, they had the following data:

Equivalent units in BI

Equivalent units to FG

Equivalent units in El:

DM:

CC:

2.400

1.000

1.600

1.600

Costs in Beginning WIP:

DM

Conversion

Current costs:

DM

Conversion

$4.000

$8.000

$2.000

$3.000

Ex

To

OV

for

22. Determine the cost allocated to goods completed and transferred out.

ANSWER:

23. Determine the cost allocated to Ending Inventory.

ANSWER:

USE THE FOLLOWING DATA TO ANSWER THE NEXT TWO (2) QUESTIONS**** 21. Here Co. uses weighted average process costing. At the end of the period, they had the following data: 22. Determine the cost allocated to goods completed and transferred out. ANSWER: (15 Points) 23. Determine the cost allocated to Ending Inventory. ANSWER: (15 Points)