Fever Corporation uses the weighted average method of processcosting. The company has the following...

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Accounting

Fever Corporation uses the weighted average method of processcosting. The company has the following information for theperiod:
Beginning Work in Process: 2000 units 100% complete formaterials, 75% complete for conversion costs
Units started during the period: 10,000
Ending work in process: 4,000 units 75% complete for materials,50% complete for conversion costs
Costs for the period:
Beginning work in process: Materials: $1,100 Conversion Costs:$2,000
Costs added during the period: Materials: $11,000 ConversionCosts: $30,000

A) What are the total units to account for?
B) How many units were completed during themonth?
C) What are the equivalent units for materials?
D) What are the equivalent units for conversion?
E) What is the cost per equivalent unit for materials? $
F) What is the cost per equivalent unit for conversion? $
G) What is the cost assigned to units completed and transferredout? $
H) What is the cost assigned to units in ending work in process?$
I) What are the total costs to account for? $

Answer & Explanation Solved by verified expert

4.4 Ratings (739 Votes)

Solution A Total units to account for Units in beginning WIP Unit started 2000 10000 12000 units Solution B Units completed during the month begining units Units started Units in ending WIP 2000 10000 4000 8000 units Solution C and D Computation of Equivalent unit of Production Weighted See Answer

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In: AccountingFever Corporation uses the weighted average method of processcosting. The company has the following information...Fever Corporation uses the weighted average method of processcosting. The company has the following information for theperiod:Beginning Work in Process: 2000 units 100% complete formaterials, 75% complete for conversion costsUnits started during the period: 10,000Ending work in process: 4,000 units 75% complete for materials,50% complete for conversion costsCosts for the period:Beginning work in process: Materials: $1,100 Conversion Costs:$2,000Costs added during the period: Materials: $11,000 ConversionCosts: $30,000 A) What are the total units to account for? B) How many units were completed during themonth? C) What are the equivalent units for materials? D) What are the equivalent units for conversion? E) What is the cost per equivalent unit for materials? $F) What is the cost per equivalent unit for conversion? $G) What is the cost assigned to units completed and transferredout? $H) What is the cost assigned to units in ending work in process?$I) What are the total costs to account for? $