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 60,000 pounds with $104,400 in materials cost and $36,000 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, 304,000 pounds were started into production. The May 31 inventory consisted of 55,000 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.

Explanation / Answer

IN OUT Material Wages Particulars Units Particulars Units % Complete Equivalent Unit % Complete Equivalent Unit Opening WIP 60000 Completed Units 309000 100% 309000 100% 309000 Input Introduced 304000 Closing WIP 55000 100% 55000 60% 33000 Total 364000 Total 364000 364000 342000

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