eridot Company's grinding department had the following data for the month of January: Production: Line...
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Accounting
eridot Company's grinding department had the following data for the month of January: Production: Line Item Description Tons Units in process, January 1, 75% complete 12,000 tons Units completed and transferred out 40,000 tons Units in process, January 31, 50% complete 20,000 tons Costs: Line Item Description Amount Work in process, January 1 $6,265 Costs added during January $21,235 Determine the cost to be assigned to ending work-in-process (EWIP) using the weighted average method. (Note: Round the unit cost to two decimal places.)
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