1.
Materials
Labor
Overhead
Units transferred to the next department
790,000
790,000
790,000
Work in process, ending:
Materials:
50,000 units × 60% complete
30,000
Labor and overhead:
50,000 units × 20% complete 10,000 10,000
Equivalent units of production
820,000
800,000
800,000
2.
Materials
Labor
Overhead
Cost of beginning work in process
$ 68,600
$ 30,000
$ 48,000
Cost added during the period 907,200 370,000 592,000
Total cost (a)
$975,800
$400,000
$640,000
Equivalent units of production (b)
820,000
800,000
800,000
Cost per equivalent unit (a) ÷ (b)
$1.19
$0.50
$0.80
Exercise 4-9 (20 minutes)
Weighted-Average Method
1. Computation of equivalent units in ending inventory:
Materials
Labor
Overhead
Units in ending inventory
1,500
1,500
1,500
Percent completed
90%
40%
40%
Equivalent units of production
1,350
600
600
2. Cost of ending work in process inventory and units transferred out:
Materials
Labor
Overhead
Total
Ending work in process inventory:
Equivalent units of production
1,350
600
600
Cost per equivalent unit
$24.00
$7.00
$14.00
Cost of ending work in process inventory
$32,400
$4,200
$8,400
$45,000
Units completed and transferred out:
Units transferred to the next department
18,000
18,000
18,000
Cost per equivalent unit
$24.00
$7.00
$14.00
Cost of units completed and transferred out
$432,000
$126,000
$252,000
$810,000
3. Cost reconciliation:
Total cost to be accounted for
$855,000
Costs accounted for as follows:
Cost of ending work in process inventory
$ 45,000
Cost of units completed and transferred out 810,000
Total cost accounted for
$855,000
Problem 4-13 (45 minutes)
Weighted-Average Method
1.
Equivalent Units of Production
Materials
Conversion
Transferred to next department*
380,000
380,000
Ending work in process:
Materials: 40,000 units x 75% complete 30,000
Conversion: 40,000 units x 25% complete
10,000
Equivalent units of production
410,000
390,000
*Units transferred to the next department = Units in beginning work in process + Units started into production − Units in ending work in process = 70,000 + 350,000 − 40,000 = 380,000
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