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MetaTB Problem Qu.4-118(Algo) Anders Incorporated uses the weighted-average method... Anders Incorporated uses the...

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Accounting

MetaTB Problem Qu.4-118(Algo) Anders Incorporated uses the weighted-average method...
Anders Incorporated uses the weighted-average method in its process costing system. The following data concern the operations of the companys first processing department for a recent month.
Work in process, beginning:
Units in process 910
Percent complete with respect to materials 59%
Percent complete with respect to conversion 21%
Costs in the beginning inventory:
Materials cost $ 2,286
Conversion cost $ 2,860
Units started into production during the month 19,100
Units completed and transferred out 19,500
Costs added to production during the month:
Materials cost $ 60,469
Conversion cost $ 521,499
Work in process, ending:
Units in process 510
Percent complete with respect to materials 81%
Percent complete with respect to conversion 31%
Required:
Using the weighted-average method:
Determine the equivalent units of production.
Determine the cost per equivalent unit.
Determine the cost of ending work in process inventory.
Determine the cost of the units transferred to the next department.

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