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(TCO F) Carter Corporation uses the weighted-average method in its process costi

ID: 2387885 • Letter: #

Question

(TCO F) Carter Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below:


Work in process, beginning: Units in beginning work in process inventory 400
Materials costs $6,900
Conversion costs $2,500
Percent complete for materials 80%
Percent complete for conversion 15%
Units started into production during the month 6,000
Units transferred to the next department during the month 5,800
Materials costs added during the month $112,500
Conversion costs added during the month $210,300

Ending work in process:

Units in ending work in process inventory 1,400
Percent complete for materials 70%
Percent complete for conversion 40%

Required: Calculate the equivalent units for materials (using the weighted-average method) for the month in the first processing department

Explanation / Answer

Total whole units

% material addedd

Equivalent units

Inventory in process

400

80%

320

Units started and completed

4800

100%

4800

Completed and transfered

5200

5120

Inventory inprocees-end

1200

75%

900

Equivalent units

Equivalent units for direct material

6020

Total whole units

% material addedd

Equivalent units

Inventory in process

400

80%

320

Units started and completed

4800

100%

4800

Completed and transfered

5200

5120

Inventory inprocees-end

1200

75%

900

Equivalent units

Equivalent units for direct material

6020