Helix Corporation uses the weighted-average method of process costing. It produces prefabricated flooring in a series of steps carried o
Units Percent Complete
Materials Conversion
Work in process inventory,
61,000 May 1 100% 40%
Work in process inventory,
41,000 May 31100% 25%
Materials cost in
$50,700
work in process inventory, May 1
Conversion cost $14,200
in work in process inventory, May 1
Units started into
250,500
production
Units transferred270,500
to the next production department
Materials cost added
$83,245
during May
Conversion cost$204,785
added during May
Required:
For May:
1. Calculate the first production department's equivalent units of production for materials and conversion.
2. Compute the first production department's cost per equivalent unit for materials and conversion.
3. Compute the first production department's cost of ending work in process inventory for materials, conversion, and in total.
4. Compute the first production department's cost of the units transferred to the next production department for materials, conversion, a
Explanation
Weighted-Average Method
1
Materials Conversion
Units transferred270,500
to the next 270,500
production department
Equivalent units in ending work in process inventory:
Materials: 41,000 41,000
units × 100% complete
Conversion: 41,000 units × 25% 10,250
complete
Equivalent units 311,500
of production280,750
2
Materials Conversion
Cost of beginning
$50,700
work in process
$14,200
Cost added during 83,245
the period 204,785
Total cost (a) $133,945 $218,985
Equivalent units 311,500
of production280,750
(b)
Cost per equivalent
$0.43
unit (a) ÷ $0.78
(b)
3. and 4.
Materials Conversion Total
Ending work in process inventory:
Equivalent units (see
41,000
above) 10,250
Cost per equivalent
$0.43
unit (see above)
$0.78
Cost of ending work
$17,630
in process$7,995
inventory $25,625
Units completed and transferred out:
Units transferred270,500
to the next 270,500
department
Cost per equivalent
$0.43
unit (see above)
$0.78
Cost of units completed
$116,315 and $210,990
transferred out
$327,305
,Scribners Corporation produces fine papers in three production departments—Pulping, Drying, and Finishing. In the Pulping Departmen
Units Percent Completed
Pulping Conversion
Work in process inventory,
2,700 March 100%
1 80%
Work in process inventory,
7,500 March 100%
31 70%
Pulping cost in work
$1,080
in process inventory, March 1
Conversion cost in $594
work in process inventory, March 1
Units transferred142,200
to the next production department
Pulping cost added
$61,794
during March
Conversion cost $37,743
added during March
No materials are added in the Drying Department. Pulping cost represents the costs of the wet fibers transferred in from the Pulping De
Required:
For March:
1. Compute the Drying Department's equivalent units of production for pulping and conversion.
2. Compute the Drying Department's cost per equivalent unit for pulping and conversion.
3. Compute the Drying Department's cost of ending work in process inventory for pulping, conversion, and in total.
4. Compute the Drying Department's cost of units transferred out to the Finishing Department for pulping, conversion, and in total.
5. Prepare a cost reconciliation report for the Drying Department.
Explanation
Weighted-Average Method
1
Equivalent units of production
Pulping Conversion
Transferred to next department142,200
142,200
Equivalent units in ending work in process inventory:
Pulping: 7,500 units
7,500
× 100% complete
5,250
Conversion: 7,500 units × 70% complete
Equivalent units 149,700
of production147,450
2
Cost per equivalent unit
Pulping Conversion
Cost of beginning$1,080
work in process
$594
Cost added during 61,794
the period 37,743
Total cost (a) $62,874 $38,337
Equivalent units 149,700
of production147,450
(b)
Cost per equivalent
$0.42
unit (a) ÷ $0.26
(b)
3. and 4.
Cost of ending work in process inventory and units transferred out
Pulping Conversion Total
Ending work in process inventory:
Equivalent units 7,500 5,250
Cost per equivalent
$0.42
unit $0.26
Cost of ending work
$3,150
in process$1,365
inventory $4,515
Units completed and transferred out:
,Units transferred142,200
to the next 142,200
department
$0.42
Cost per equivalent unit $0.26
Cost of units completed
$59,724 and transferred
$36,972 out$96,696
5
Cost reconciliation
Cost of beginning work in process inventory ($1,080 + $594) = $1,674
Costs added to production during the period ($61,794 + $37,743) = $99,537
Old Country Links, Incorporated, produces sausages in three production departments—Mixing, Casing and Curing, and Packaging. In t
Units Percent Completed
Mixing Materials Conversion
Work in process inventory,
3 September
100% 1 60% 50%
Work in process inventory,
3 September
100% 30 20% 10%
Mixing Materials Conversion
Work in process inventory,
$7,002 September
$33 1 $1,260
Cost added during
$284,268
September $18,904 $173,342
Mixing cost represents the costs of the spiced meat mixture transferred in from the Mixing Department. The spiced meat mixture is proc
Required:
For September:
1. Determine the Casing and Curing Department's equivalent units of production for mixing, materials, and conversion.
2. Compute the Casing and Curing Department's cost per equivalent unit for mixing, materials, and conversion.
3. Compute the Casing and Curing Department's cost of ending work in process inventory for mixing, materials, conversion, and in tota
4. Compute the Casing and Curing Department's cost of units transferred out to the Packaging Department for mixing, materials, conve
5. Prepare a cost reconciliation report for the Casing and Curing Department.
Explanation
Weighted-Average Method
, 1
Computation of equivalent units of production:
Mixing Materials Conversion
Units transferred to 130
the next department
130 130
Equivalent units in ending work in process inventory:
Mixing: 3 unit × 100% complete
3
Materials: 3 unit × 20% complete 0.6
Conversion: 3 unit × 10% complete 0.3
Equivalent units of production
133 130.6 130.3
2
Costs per equivalent unit of production:
Mixing Materials Conversion
Cost of beginning$7,002
work in process$33
inventory $1,260
Cost added during284,268
the period 18,904 173,342
Total cost (a) $291,270 $18,937 $174,602
Equivalent units of production
133 (b)
130.6 130.3
Cost per equivalent
$2,190
unit (a) ÷ (b)
$145 $1,340
3. and 4.
Costs of ending work in process inventory and units transferred out:
Mixing Materials Conversion Total
Ending work in process inventory:
Equivalent units 3 0.6 0.3
Cost per equivalent
$2,190
unit $145 $1,340
Cost of ending work
$6,570
in process inventory
$87 $402 $7,059
Units completed and transferred out:
Units transferred to 130
the next department
130 130
Cost per equivalent
$2,190
unit $145 $1,340
Cost of units transferred
$284,700 out$18,850 $174,200 $477,750
5
Cost reconciliation:
Cost of beginning work in process inventory ($7,002 + $33 + $1,260) = $8,295
Cost added to production during the period ($284,268 + $18,904 + $173,342) = $476,514
Units Percent Complete
Materials Conversion
Work in process inventory,
61,000 May 1 100% 40%
Work in process inventory,
41,000 May 31100% 25%
Materials cost in
$50,700
work in process inventory, May 1
Conversion cost $14,200
in work in process inventory, May 1
Units started into
250,500
production
Units transferred270,500
to the next production department
Materials cost added
$83,245
during May
Conversion cost$204,785
added during May
Required:
For May:
1. Calculate the first production department's equivalent units of production for materials and conversion.
2. Compute the first production department's cost per equivalent unit for materials and conversion.
3. Compute the first production department's cost of ending work in process inventory for materials, conversion, and in total.
4. Compute the first production department's cost of the units transferred to the next production department for materials, conversion, a
Explanation
Weighted-Average Method
1
Materials Conversion
Units transferred270,500
to the next 270,500
production department
Equivalent units in ending work in process inventory:
Materials: 41,000 41,000
units × 100% complete
Conversion: 41,000 units × 25% 10,250
complete
Equivalent units 311,500
of production280,750
2
Materials Conversion
Cost of beginning
$50,700
work in process
$14,200
Cost added during 83,245
the period 204,785
Total cost (a) $133,945 $218,985
Equivalent units 311,500
of production280,750
(b)
Cost per equivalent
$0.43
unit (a) ÷ $0.78
(b)
3. and 4.
Materials Conversion Total
Ending work in process inventory:
Equivalent units (see
41,000
above) 10,250
Cost per equivalent
$0.43
unit (see above)
$0.78
Cost of ending work
$17,630
in process$7,995
inventory $25,625
Units completed and transferred out:
Units transferred270,500
to the next 270,500
department
Cost per equivalent
$0.43
unit (see above)
$0.78
Cost of units completed
$116,315 and $210,990
transferred out
$327,305
,Scribners Corporation produces fine papers in three production departments—Pulping, Drying, and Finishing. In the Pulping Departmen
Units Percent Completed
Pulping Conversion
Work in process inventory,
2,700 March 100%
1 80%
Work in process inventory,
7,500 March 100%
31 70%
Pulping cost in work
$1,080
in process inventory, March 1
Conversion cost in $594
work in process inventory, March 1
Units transferred142,200
to the next production department
Pulping cost added
$61,794
during March
Conversion cost $37,743
added during March
No materials are added in the Drying Department. Pulping cost represents the costs of the wet fibers transferred in from the Pulping De
Required:
For March:
1. Compute the Drying Department's equivalent units of production for pulping and conversion.
2. Compute the Drying Department's cost per equivalent unit for pulping and conversion.
3. Compute the Drying Department's cost of ending work in process inventory for pulping, conversion, and in total.
4. Compute the Drying Department's cost of units transferred out to the Finishing Department for pulping, conversion, and in total.
5. Prepare a cost reconciliation report for the Drying Department.
Explanation
Weighted-Average Method
1
Equivalent units of production
Pulping Conversion
Transferred to next department142,200
142,200
Equivalent units in ending work in process inventory:
Pulping: 7,500 units
7,500
× 100% complete
5,250
Conversion: 7,500 units × 70% complete
Equivalent units 149,700
of production147,450
2
Cost per equivalent unit
Pulping Conversion
Cost of beginning$1,080
work in process
$594
Cost added during 61,794
the period 37,743
Total cost (a) $62,874 $38,337
Equivalent units 149,700
of production147,450
(b)
Cost per equivalent
$0.42
unit (a) ÷ $0.26
(b)
3. and 4.
Cost of ending work in process inventory and units transferred out
Pulping Conversion Total
Ending work in process inventory:
Equivalent units 7,500 5,250
Cost per equivalent
$0.42
unit $0.26
Cost of ending work
$3,150
in process$1,365
inventory $4,515
Units completed and transferred out:
,Units transferred142,200
to the next 142,200
department
$0.42
Cost per equivalent unit $0.26
Cost of units completed
$59,724 and transferred
$36,972 out$96,696
5
Cost reconciliation
Cost of beginning work in process inventory ($1,080 + $594) = $1,674
Costs added to production during the period ($61,794 + $37,743) = $99,537
Old Country Links, Incorporated, produces sausages in three production departments—Mixing, Casing and Curing, and Packaging. In t
Units Percent Completed
Mixing Materials Conversion
Work in process inventory,
3 September
100% 1 60% 50%
Work in process inventory,
3 September
100% 30 20% 10%
Mixing Materials Conversion
Work in process inventory,
$7,002 September
$33 1 $1,260
Cost added during
$284,268
September $18,904 $173,342
Mixing cost represents the costs of the spiced meat mixture transferred in from the Mixing Department. The spiced meat mixture is proc
Required:
For September:
1. Determine the Casing and Curing Department's equivalent units of production for mixing, materials, and conversion.
2. Compute the Casing and Curing Department's cost per equivalent unit for mixing, materials, and conversion.
3. Compute the Casing and Curing Department's cost of ending work in process inventory for mixing, materials, conversion, and in tota
4. Compute the Casing and Curing Department's cost of units transferred out to the Packaging Department for mixing, materials, conve
5. Prepare a cost reconciliation report for the Casing and Curing Department.
Explanation
Weighted-Average Method
, 1
Computation of equivalent units of production:
Mixing Materials Conversion
Units transferred to 130
the next department
130 130
Equivalent units in ending work in process inventory:
Mixing: 3 unit × 100% complete
3
Materials: 3 unit × 20% complete 0.6
Conversion: 3 unit × 10% complete 0.3
Equivalent units of production
133 130.6 130.3
2
Costs per equivalent unit of production:
Mixing Materials Conversion
Cost of beginning$7,002
work in process$33
inventory $1,260
Cost added during284,268
the period 18,904 173,342
Total cost (a) $291,270 $18,937 $174,602
Equivalent units of production
133 (b)
130.6 130.3
Cost per equivalent
$2,190
unit (a) ÷ (b)
$145 $1,340
3. and 4.
Costs of ending work in process inventory and units transferred out:
Mixing Materials Conversion Total
Ending work in process inventory:
Equivalent units 3 0.6 0.3
Cost per equivalent
$2,190
unit $145 $1,340
Cost of ending work
$6,570
in process inventory
$87 $402 $7,059
Units completed and transferred out:
Units transferred to 130
the next department
130 130
Cost per equivalent
$2,190
unit $145 $1,340
Cost of units transferred
$284,700 out$18,850 $174,200 $477,750
5
Cost reconciliation:
Cost of beginning work in process inventory ($7,002 + $33 + $1,260) = $8,295
Cost added to production during the period ($284,268 + $18,904 + $173,342) = $476,514
