Whiston Corporation uses the weighted-average method in its process costing system. The following data were taken from the records of the first processing department for a recent month.
Required:a. How many units were transferred to the next department during the month?b. What were the equivalent units of production for materials and for conversion costs for the month?c. What were the costs per equivalent unit of production for materials and for conversion costs for the month?d. What was the cost of the ending work in process inventory in the department at the end of the month?e. What was the cost of the units completed and transferred to the next department during the month?

Question

Whiston Corporation uses the weighted-average method in its process costing system. The following data were taken from the records of the first processing department for a recent month.

Required:a. How many units were transferred to the next department during the month?b. What were the equivalent units of production for materials and for conversion costs for the month?c. What were the costs per equivalent unit of production for materials and for conversion costs for the month?d. What was the cost of the ending work in process inventory in the department at the end of the month?e. What was the cost of the units completed and transferred to the next department during the month?

Vikas Nerametla · Accepted Answer

Final Answer :

a. Weighted-average methodUnits completed and transferred out = Units in beginning work in process inventory + Units started into production or transferred in − Units in ending work in process inventoryUnits completed and transferred out = 40 + 190 − 30 = 200
b. Weighted-average method equivalent units of production

c. Weighted-average method cost per equivalent unit

d. Weighted-average method:

e. Weighted-average method:

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