Problem 4-14 (Algo) Analysis of Work In Process T-account-Weighted-Average Method [LO4-1, L04-2, LO4-3, LO4-4] Weston...

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Problem 4-14 (Algo) Analysis of Work In Process T-account-Weighted-Average Method [LO4-1, L04-2, LO4-3, LO4-4] Weston Products manufactures an industrial cleaning compound that goes through three processing departments-Grinding. Mixing, and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below: Inventory, May 1 Materials Conversion Inventory, May 31 Work in Process-Grinding Department The May 1 work in process inventory consisted of 121,000 pounds with $131,890 in materials cost and $88.330 in conversion cost. The May 1 work in process inventory was 100% complete with respect to materials and 30% complete with respect to conversion. During May, 405,000 pounds were started into production. The May 31 inventory consisted of 91.000 pounds that were 100% complete with respect to materials and 60% complete with respect to conversion. The company uses the weighted-average method in its process costing system. 220, 220 Completed and transferred to the Mixing Department 525,610 Required: 1. Compute the Grinding Department's equivalent units of production for materials and conversion in May. 2 Compute the Grinding Department's costs per equivalent unit for materials and conversion for May. 3. Compute the Grinding Department's cost of ending work in process inventory for materials, conversion, and in total for May. 4. Compute the Grinding Department's cost of units transferred out to the Mixing Department for materials, conversion, and in total for May. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the Grinding Department's equivalent units of production for materials and conversion in May. Equivalent units of production U Materials Conversion Required 2 > Search
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Problem 4-14 (Algo) Analysis of Work in Process T-account-Welghted-Average Method [LO4-1, LO4-2, [04-3, LO4-4] Weston Products menufactures an industrial cleaning compound that goes through three processing departments - Grinding. Mixing. and Cooking. All raw materials are introduced at the start of work in the Grinding Department The Wark in Process. Taccount for the Grinding Department for May is given below. The May I work in process inventory consisted of 121,000 pounds with $131,890 in materiats cost and $88,330 in conversion cost. The May 1 wark in process imventory was 100% complete with respect to materiais and 30% comp ete with respect to conversion. During May, 405,000 pounds were started into production. The May 31 inventory consisted of 91,000 pounds that were 100% complete with respect to materials and 60% complete with respect to comversion. The company uses the weighted-average method in its process costing system. Required: 1. Compute the Grinding Department's equivaient units of production for materials and corwersion in May. 2 Compute the Grinding Departments costs per equivalent unit for materisis and conversion for May. 3. Compute the Grinding Deportment's cost of ending work, in process irventory for materials, comversion, and in total for May. 4. Compute the Grinding Department's cost of units transferred out to the Mixing Department for materials. convers on, and in total for Moy. Complete this question by entering your answers in the tabs below. Compute the Grinding Department's equivalant units of production for materials and conversinin in Mars

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