e following information applies to the questions displayed below The Plastic Flo

Question

e following information applies to the questions displayed below The Plastic Flowerpots Company has two manufacturing departments, molding and packaging. At the beginning of the month, the molding department has 3.500 units in inventory, 70% complete as to materials. During the month, the molding started 25,500 units. At the end of the month, the molding department had 5.250 units in ending inventory 80% complete as to materials Units completed in the molding department are transferred into the packaging department. Cost information for the molding department for the month follows: Beginning work in process inventory (direct materials) Direct materials added during the month s 2.700 42,900 os 16-18 Weighted average: Computing equivalent units and cost per EUP (direct materials) LO C2, C3 method, compute the molding department's (a) equivalent units of production for materials and (b) cost per equivalent unit of production for materials for the month. (Round "cost per equivalent unit of production" to 2 decimal places.) Using the weighted age

Explanation / Answer

Working Note Schedule showing physical units of production Physcial units Units to be accounted for Work in Process , beginning 3500 Started in production 25500 Total units 29000 Units accounted for Transferred out 23750 Work in Process, ending 5250 Total units 29000 Requirement Determination of the equivalent units of production for materials units Materials Materials Transferred out 23750 100% 23750 Work in Process, ending 5250 80% 4200 Equivalent units 27950 Computation of unit costs of production Materials Work in Process , beginning 2700 Started in production 42900 Total costs 45600 Equivalent units 27950 Cost per equivalent units 1.63 Requirement Determination of cost to be assigned to the units trasnferred and work in process at amy 30 units Cost per equivalent units Total costs Transferred out Materials costs 23750 1.63 38748 Work in Process, ending Materials costs 4200 1.63 6852 Total cost assigned 45600

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