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Computing Unit Costs: Cost of Units Finished; Cost of Units in Process The following data appeared in the accounting records of Craig Manufacturing Inc, which uses the weighted average cost method: 12,000 units 10,500 units 1,500 units (2/5 completed) $36,000 $44,400 $22,200 Case 1 - All materials are added at the beginning of the process, and labor and factory overhead are added evenly throughout the process. Case 2- One-half of the materials are added at the start of the manufacturing process, and the balance of the materials is added when the units are one-half completed. Labor and factory overhead are applied evenly during the process. Make the following computations for each case: a. Unit cost of materials, labor, and factory overhead for the month (Round your answers to two decimal places, if necessary.) Unit Costs Case 1 Case 2 Material Labor Factory overhead Total b. Cost of the units finished and transferred during the month Case 1 Case 2 Cost of units finished c. Cost of the units in process at the end of the month Case 1 Case 2 Cost of the units in process Computing Unit Costs: Cost of Units Finished; Cost of Units in Process The following data appeared in the accounting records of Craig Manufacturing Inc, which uses the weighted average cost method: 12,000 units 10,500 units 1,500 units (2/5 completed) $36,000 $44,400 $22,200 Case 1 - All materials are added at the beginning of the process, and labor and factory overhead are added evenly throughout the process. Case 2- One-half of the materials are added at the start of the manufacturing process, and the balance of the materials is added when the units are one-half completed. Labor and factory overhead are applied evenly during the process. Make the following computations for each case: a. Unit cost of materials, labor, and factory overhead for the month (Round your answers to two decimal places, if necessary.) Unit Costs Case 1 Case 2 Material Labor Factory overhead Total b. Cost of the units finished and transferred during the month Case 1 Case 2 Cost of units finished c. Cost of the units in process at the end of the month Case 1 Case 2 Cost of the units in process

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