Sign In

Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.

Forgot Password

Lost your password? Please enter your email address. You will receive a link and will create a new password via email.

You must login to ask question.

Please briefly explain why you feel this question should be reported.

Please briefly explain why you feel this answer should be reported.

Please briefly explain why you feel this user should be reported.

PROBLEM 1 – Comprehensive Problem Weighted-Average Method The Barrington Company manufactures a high-quality plastic pipe that goes through three processing stages prior to completion. Information o

PROBLEM 1 – Comprehensive Problem Weighted-Average Method

The Barrington Company manufactures a high-quality plastic pipe that goes through three processing stages prior to completion.

Information on work in the first department, Cutting, is given below for May:

Production data:

Pounds in process, May 1: materials 100% complete; conversion 90% complete

73,000

Pounds started into production during May

380,000

Pounds completed and transferred to the next department

?

Pounds in process, May 31: materials 80% complete; conversion 20% complete

33,000

Cost data:

Work in process inventory, May 1:

Materials cost

$111,600

Conversion cost

$55,800

Cost added during May:

Materials cost

$580,320

Conversion cost

$306,810

The company uses the weighted-average method.

Required:

1.  Compute the equivalent units of production.

2.  Compute the costs per equivalent unit for the month.

3.  Determine the cost of ending work in process inventory and of the units transferred out to the next department.

4.  Prepare a cost reconciliation report for the month.

Show more

aalan

Leave a comment