9. The following data have been provided by Fattig Corporation, which uses the w
ID: 2547518 • Letter: 9
Question
9. The following data have been provided by Fattig Corporation, which uses the weighted- average method in its process costing. The data are for the company's Shaping Department for October. Percent Complete Units Matorials Conversion Work in process, October Units started into production during October Units completed during Oetober and tnd 5596 50% 900 .8,200 te next department. 7,100 2,000 Work in process, October 31 Work in process, October 1 Cost added during October 85% 35% S6,500 $8416 16,900 $19,004 Required: 1. Compute the equivalent units of production for both materials and conversion costs for the Shaping Department for October using the weighted-average method. 2. Compute the cost per equivalent unit for materials and conversion for the Shaping Department in October. Round up to 2 decimal places.Explanation / Answer
1) Equivalent unit of material = 7100+(2000*85%) = 8800 unit
Equivalent unit of conversion = 7100+(2000*35%) = 7800 unit
2) Cost per equivalent unit of material = (6500+16900)/8800 = 2.66 per equivalent unit
Cost per equivalent unit of conversion = (8416+19004)/7800 = 3.52 per equivalent unit
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