Hanson Corporation uses the weighted-avera QUESTION 16 0.6896 points Hanson Corp

Question

Hanson Corporation uses the weighted-avera QUESTION 16 0.6896 points Hanson Corporation uses the weighted-average method in its process costing system. Data concermning the first processing department for the most recent month are listed below: Beginning work in process inventory: Units in beginning work in process inventory Materials cost.s. Conversion costs. Percent complete with respect to materia. Percent complete with respect to conversion 200 $2,200 S1,000 50% 10% 6,500 6,100 Units started into production during the month. Units transferred to the next department during the .. Materials costs added during the month. S135,000 Conversion costs added during the month312.600 Ending work in process inventory Units in ending work in process inventory Percent complete with respect to materials. Percent complete with respect to conversion 600 80% 60% Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places What are the equivalent units for materials for the month in the first processing department? 480 6,700 6,580 6,100 Click Save and Submit to save and submit.Click Save All Answers to save all answers.

Explanation / Answer

16 Units transferred to next department 6100 Ending work in process 480 =600*80% Equivalent units for direct materials 6580 Option 3 is correct 17 Units transferred to next department 6100 Ending work in process 360 =600*60% Equivalent units for conversion 6460 Option 4 is correct 18 Cost per equivalent unit for materials 20.85 =(2200+135000)/6580 Option 2 is correct 19 Cost per equivalent unit for conversion 48.55 =(1000+312600)/6460 Option 3 is correct

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