Bachelette uses the weighted average method in its process costing system. ...
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Accounting
Bachelette uses the weighted average method in its process costing system.
Work in process beginning :
Units in process 400
Percent complete with respect to materials 90%
Percent complete with respect to conversion 40%
Costs in beginning inventory:
Material cost $756
Conversion cost $4448
Units started into production during the month $13,000
Units completed and trasfered out $13,000
Costs added to production during month:
Material cost $29,949
Conversion cost $362,127
Work in process ending,
Units in process $100
Percent complete with respect to materials 50%
Percent complete with respect to conversion 30%
Use the weighted average method to :
Determing the equivalent units of production for materials and conversion units
Determine the cost per equivalent unit for materials and conversion cost
Determine cost of units transferred out during the month
Determine cost of ending work in process inventory in the department
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