The weighted-average method is used by the Cardiff and Company. Below you will find information...
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Accounting
The weighted-average method is used by the Cardiff and Company. Below you will find information provided by the Heating department for the month of March:
Costs for March:
Materials
Conversion
Work in process, March 1
$19,200
$23,100
Added during the month
$89,000
$99,000
Units
Conversion percentage complete
Work in process, March 1
10,000
50%
Units started
28,000
Completed and transferred out
19,900
Work in process, March 31
5,000
30%
Required:
Cardiff and Company using the weighted-average method, all materials at the first process:
The equivalent units (EUs) of production for materials.
The cost per equivalent unit for conversion.
The total cost assigned to units transferred out of the Heating Department during March.
The cost assigned to work-in-process inventory as of March 31.
Answer & Explanation
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