The Matsui Lubricants plant uses the weighted-average method to account for its

Question

The Matsui Lubricants plant uses the weighted-average method to account for its work-in-process inventories. The accounting records show the following information for a particular day:

Compute the cost per equivalent unit for direct materials and conversion costs using the weighted-average method. (Round your answers to 2 decimal places.)

The Matsui Lubricants plant uses the weighted-average method to account for its work-in-process inventories. The accounting records show the following information for a particular day:

Explanation / Answer

Equivalent unit of production :

Cost per equivalent unit of material = (1940+23630)/3710 = $6.89

Cost per equivalent unit of conversion = (466+13890)/3490 = $4.11

Whole unit % EUP-material % EUP-conversion Unit transferred out 3270 100% 3270 100% 3270 Ending work in process 1100 40% 440 20% 220 Total 4370 3710 3490

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