Weston Products manufactures an industrial cleaning compound that goes through t

Question

Weston Products manufactures an industrial cleaning compound that goes through three processing departments—Grinding, Mixing, and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below:

Completed and transferred to

the Mixing Department

The May 1 work in process inventory consisted of 81,000 pounds with $193,590 in materials cost and $123,930 in conversion cost. The May 1 work in process inventory was 100% complete with respect to materials and 80% complete with respect to conversion. During May, 351,000 pounds were started into production. The May 31 inventory consisted of 77,000 pounds that were 100% complete with respect to materials and 60% complete with respect to conversion. The company uses the weighted-average method to account for units and costs.

equivalent units of production

materials-

conversion-

Determine the costs per equivalent unit for May. (Round your answers to 2 decimal places.)

cost per equivalent unit

materials-

conversion-

Determine the cost of the units completed and transferred to the Mixing Department during May.

  

cost of units completed and transferred out

materials-

conversion-

Weston Products manufactures an industrial cleaning compound that goes through three processing departments—Grinding, Mixing, and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below:

Explanation / Answer

Equivalent units

Cost per equivalent units

Cost transferred

Materials 355,000*2.55                 -= $905,250

Conversion 355,000*1.65             = 585,750

Total cost                                      = $1,491,000

Beginning WIP 81,000 Completed 355,000 Started during the year 351,000 Ending WIP 46,200 Units to be accounted 432,000 Units accounted for 432,000

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