MetaTB Problem QuAlgo Anders Incorporated uses the weightedaverage method...
Anders Incorporated uses the weightedaverage method in its process costing system. The following data concern the operations of the companys first processing department for a recent month.
Work in process, beginning:
Units in process
Percent complete with respect to materials
Percent complete with respect to conversion
Costs in the beginning inventory:
Materials cost $
Conversion cost $
Units started into production during the month
Units completed and transferred out
Costs added to production during the month:
Materials cost $
Conversion cost $
Work in process, ending:
Units in process
Percent complete with respect to materials
Percent complete with respect to conversion
Required:
Using the weightedaverage method:
Determine the equivalent units of production.
Determine the cost per equivalent unit.
Determine the cost of ending work in process inventory.
Determine the cost of the units transferred to the next department.
