Cywila Company manufactures a product for which materials are added at the beginning of the manufacturing process. A review of the company's inventory and cost records for the most recently completed...

Cywila Company manufactures a product for which materials are added at the beginning of the manufacturing process. A review of the company's inventory and cost records for the most recently completed year revealed the following information:  Costs UnitsMaterialsConversionWork in process, Jan. 1   80% complete with respect to conversion costs100,000$100,000$157,500Units started into production500,000  Costs added during the year:   Materials $650,000 Conversion  $997,500Units completed during the year450,000  Work in process, Dec. 31   60% complete with respect to conversion costs150,000  The company uses the weighted-average cost method in its process costing system. a) Computethe equivalent units of production for materials and for conversion costs. b) Compute the cost per equivalent units for materials and for conversion costs.c) Determine the cost of units completed during the year.d) Determine the cost of ending work-in-process inventory.

Jun 10, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here