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13. (8 points) OToole Company manufactures Tool T in a two-stage production cycle, Departments A...

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Accounting

13. (8 points) OToole Company manufactures Tool T in a two-stage production cycle, Departments A and B. Information pertaining to Department B is as follows:

Department B: Units Transferred In Costs Material Costs Conversion Costs
Beginning Work-in-Process (WIP) 5,000 $12,000 $ 4,000 $ 7,750
Started During the Current Period 180,000 $358,000 $ 162,500 $ 246,350
Ending Work-in-Process (WIP) 7,000

Direct materials are added at the beginning of the process in Department B. The beginning WIP was 40% complete as to conversion, while the ending WIP was 50% completed for conversion purposes. OToole uses the Weighted Average method of process costing. a. For Department B, calculate the cost per equivalent unit for each cost category; Transferred In, Materials, Conversion.

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