Weighted-Average Process Costing Gygax Corporation makes Bubbles from Ooze using weighted average process costing....
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Accounting
- Weighted-Average Process Costing
Gygax Corporation makes Bubbles from Ooze using weighted average process costing. At the end of the period, they had the following data:
Beginning units in WIP 8,000 Costs in Beginning WIP:
Units started 4,000 DM $23,000
Units transferred out 2,600 Conversion $32,000
Current costs:
DM $71,000
Conversion $61,400
Direct materials are added at the beginning of the process. Ending inventory is 75% complete for direct labor and manufacturing overhead.
How many equivalent units are used to calculate the unit cost of conversion?
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