Wieghted Average-Method

PART VI PROCESS COSTING (8 points) Instructions: Using the following data, complete the requirements given below. we given amounts to assume the answers to previous requirements. be careful to use such as amounts rather than your answers in order to minimize carry-through errors). Jirements, be careful to use such assumed The Finishing Department of Wayland Fixtures reports the following for January 2017: Froduction. All materials are added at the beginning of the process. Beginning work in process 11,000 units, 20% complete. Units started into production 88,000 units. Ending work in process 9,000 units, 40% complete. Manufacturing Costs: Beginning work in process. $35.100, comprised of $21,100 of materials and $14,000 of conversion costs. Materials added $68,000; labor and overhead added $56,200. (a) Required: Compute equivalent units of production for (1) materials and (2) conversion costs. Materials Conversion