Windsor Dog Products manufactures toys for dogs and cats. The most popular toy i

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Windsor Dog Products manufactures toys for dogs and cats. The most popular toy is a ball containing a smaller ball that dispenses tiny treats. To get the treats, dogs must roll the balls around until the treats fall out. These balls are mass-produced from plastic. Direct materials are introduced at the heginning of the process, and conversion costs are incurred evenly throughout the manufacturing process. Once each unit is completed, it is transferred to finished goods. Data for the month of March are as follows: Beginning WIP (30% complete): Direct material Conversion costs $23,100 2,900 $26,000 Total Units started Units completed and transferred out during March Ending WIP inventory (50% complete) Direct material cost added during March Conversion costs added during March during March 72,400 units 79,600 units 12,500 units $201,600 $77,200 Prepare a process cost report using the weighted average method. (Round per unit answers to 4 decimal places, e.g. 15.2525 and other answers to O decimal places, e.g. 125.) Cost Summary Beginning WIP Current Cost Total Cost Physical Units Equivalent Units Direct Material Equivalent Units Unit Summary

Explanation / Answer

cost beginning current Total summary WIP cost cost materials 23,100 201,600 224,700 conversion 2,900 77,200 80,100 total cost accounted for 26,000 278,800 304,800 unit physical EU EU summary units DM CC completed & trfd 79,600 79,600 79,600 ening WIP 12,500 12,500 6250 units accounted for 92,100 85,850 Equivalent unit cost direct materials 2.4397 conversion costs 0.9330 cost per equivalent units 3.3728 cost assignment units costs units completed 79,600 268472 ening WIP 12,500 direct materials 30497 conversion costs 5831 total ending WIP 36328 total units & costs accouted for 92100 304800 c

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