Question: Weighted-Average Process Costing Gygax Corporation makes Bubbles from Ooze using weighted average process costing. At the end of the period, they had the following data:

  1. Weighted-Average Process Costing

Gygax Corporation makes Bubbles from Ooze using weighted average process costing. At the end of the period, they had the following data:

Beginning units in WIP 8,000 Costs in Beginning WIP:

Units started 4,000 DM $23,000

Units transferred out 2,600 Conversion $32,000

Current costs:

DM $71,000

Conversion $61,400

Direct materials are added at the beginning of the process. Ending inventory is 75% complete for direct labor and manufacturing overhead.

  1. How many equivalent units are used to calculate the unit cost of direct materials?

  1. How many equivalent units are used to calculate the unit cost of conversion?

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