H Inc. uses the weighted-average method in its process costing. The following da

Question

H Inc. uses the weighted-average method in its process costing. The following data concern the company's Mixing Department for the month of December. Materials Conversion Work in process, December 1 Cost added to production in the Mixing $ 9,230 10,228 Department during December Equivalent units of production for December s 227,600 $ 285,332 11,000 10,500 0101.28 Required: Compute the cost per equivalent unit for materials and conversion for the Mixing Department in December. (Round your answers to2 decimal plages.) Cost per equivalent unit

Explanation / Answer

Solution 1:

Solution 2:

Solution 5:

Therefore cost of units completed transferred to first processing department to 2nd processing department= $168,841

Hence 3rd option is correct.

Solution 6:

Units in ending WIP = Units in beginning WIP + Unit started during month - Units completed

= 25200 + 310200 - 30200 = 305200 units

Hence 3rd option is correct.

Note: As multiple questions are posted, i have answered more than required questions as per chegg policy, kindly post separate question for answer of remaining questions.

Computation of Cost per equivalent unit of Production - Weighted Average Particulars Material Conversion Opening WIP $9,230.00 $10,228.00 Cost Added during December $227,600.00 $285,332.00 Total cost to be accounted for $236,830.00 $295,560.00 Equivalent units of production 11000 10500 Cost per Equivalent unit $21.53 $28.15

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