Equivalent Units, Unit Cost, Valuation of Goods Transferred Out and Ending Work
ID: 2406393 • Letter: E
Question
Equivalent Units, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process
Using the weighted average method, the mixing department had the following data for the month of December:
Required:
1. What is the output in equivalent units for December?
2. What is the unit manufacturing cost for December? Round your answer to the nearest cent.
3. Compute the cost of goods transferred out for December. If required, round your answer to the nearest cent.
4. Calculate the value of December's EWIP. If required, round your answer to the nearest cent.
Units in BWIP — Units completed 4,230 Units in EWIP (50% complete) 460 Total manufacturing costs $8,100Explanation / Answer
Req a: Equivalent units: Units completed (4230*100%): 4230 Ending WIP (460*50%): 230 Output in Equivalent units 4460 Req b: Unit Manufacturing cost: Total manufacturing cost: 8100 Divide: Equivalent unit output 4460 Cost perr equiv. unit 1.816 Req c: Cost of Goods transferred out (4230 units @1.816): 7682 Req d: Cost of Ending WIP (230 equiv units @ 1.816): 418
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