xam 2 2 to 4) Help Save&Exit; Esty Corporation uses the weighted-average method

Question

xam 2 2 to 4) Help Save&Exit; Esty Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 800 units. The costs and percentage completion of these units in beginning inventory were Materials costs Conversion costs Cost $5,800 $6,500 ercen Complete 50x 30% A total of 7700 units were started and 6,600 units were transferred to the second costs were incurred in the first processing department during the month: processing department during the month. The following Materials costs Conversion costs $ 85,300 $168,000 The ending inventory was 70% complete with respect to materials and 10% complete with respect to conversion costs. The cost per equivalent unit for materials for the month in the first processing department is closest to: Prey 190125 Ill Next >

Explanation / Answer

400

(800 * 50/100)

240

(800* 30/100)

770

(1,100 * 70/100)

110

(1,100*10/100)

$ 91,100

($ 85,300 + $ 5,800)

$ 174,500

($ 168,000+$ 6500)

Cost per equivalent unit material is closet to $ 11.49 per unit.

Materials Conversion Costs Opeing Inventory (800 Units)

400

(800 * 50/100)

240

(800* 30/100)

Completed Units 6,600 6,600 Closing Inventory (7,700 - 6,600)

770

(1,100 * 70/100)

110

(1,100*10/100)

Eqvivalant units (D = A+B+C) 7,770 6,950 Total Cost (E)

$ 91,100

($ 85,300 + $ 5,800)

$ 174,500

($ 168,000+$ 6500)

Cost Per Completed Unit (F = E / D) $ 11.72 Per Unit $ 25.11 Per Unit

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