The Plastic Flowerpots Company has two manufacturing departments, molding and packaging. At the beginning of the month, the molding department has 2, 700 units in inventory, 70% complete as to materials. During the month, the molding department started 21, 500 units. At the end of the month, the molding department had 4, 050 units in ending inventory, 80% complete as to materials. Units completed in the molding department are transferred into the packaging department. Cost information for the molding department for the month follows: Beginning work in process inventory (direct materials) $ 1, 900 Direct materials added during the month 34, 900 Using the weighted-average method, compute the molding department’s (a) equivalent units of production for materials and (b) cost per equivalent unit of production for materials for the month. (Round “cost per equivalent unit of production” to 2 decimal places.) (a) Equivalent units of production (b) Cost per equivalent unit of production
Expert Answer
Cost of Prduction report (weighted avg method) | ||
ProductionDepartment | Equivalent units | |
Flow Of Units | Physical Units | Direct Material |
Units to be accounted for | ||
Beginning work in process inventory | 2700 | |
Units started this period | 21500 | |
Total u nits to be accounted for | 24200 | |
Units accounnted for: | ||
Completed and transferred out (b) | 20150 | 20150 |
Ending work in progress inventory (80% complete for material) | 4050 | 3240 |
Total units to be accounted for (f) | 24200 | 23390 |
Flow of Cost | ||
Cost in the begnning work in progress inventory | 1900 | |
cost added to process | 34900 | |
Total Cost to be accounted for (e) | 36800 | |
Cost per equivalent unit (a) | 1.57 | |
ans a equivalent units of production | 23390 | |
ans b cost per equivalet units of production | 1.57 |