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Nonuniform Inputs, Weighted Average Carter Inc had the following production and cost information for its...

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Accounting

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Nonuniform Inputs, Weighted Average Carter Inc had the following production and cost information for its fabrication department during April (with materials added at the beginning of the fabrication process): 10,000 65,200 Production Units in process, April 1, 50% complete with respect to conversion Units completed Units in process, April 30, 60% complete Costs Work in process, April 1: Materials 12,000 $40.980 15,000 Conversion costs Total 555,980 $125,000 Current costs Materials Conversion costs Total 210,000 $335,000 Carter uses the weighted average method Retired 1. Prepare an equivalent units schedule. Carter Inc. Schedule of Equivalent Units (Weighted Average Method) Materials Conversion Units completed Add: Units in ending WIP X Percent complete X % % Equivalent units of output 2. Calculate the unit cost. Round all intermediate calculations and final answer to the nearest cent. per unit 3. Calculate the cost of units transferred out and the cost of EWIP. In your calculations round unit cost to the nearest cent and your final answers to the nearest dollar Cost transferred out Cost of ending work in process

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