Able Inc. uses the weighted-average method in its process costing system. The following data concern the operations of the company's first processing department for a recent month. Required:
a. Determine the equivalent units of production.
b. Determine the costs per equivalent unit.
c. Determine the cost of ending work in process inventory.
d. Determine the cost of the units transferred to the next department.

Question

Able Inc. uses the weighted-average method in its process costing system. The following data concern the operations of the company's first processing department for a recent month.  Required:
a. Determine the equivalent units of production.
b. Determine the costs per equivalent unit.
c. Determine the cost of ending work in process inventory.
d. Determine the cost of the units transferred to the next department.

Quizplus · Accepted Answer

The Answer of Able Inc. uses the weighted-average method in its process costing system. The following data concern the operations of the company's first processing department for a recent month.  Required:
a. Determine the equivalent units of production.
b. Determine the costs per equivalent unit.
c. Determine the cost of ending work in process inventory.
d. Determine the cost of the units transferred to the next department.

Able Inc Uses the Weighted-Average Method in Its Process Costing System