Production and cost data for the month of February for Process A of the Packer Manufacturing Company follow:

The company uses the weighted-average cost method in its process costing system.
Required:
a. Calculate the equivalent units and cost per equivalent unit for February for materials and for conversion costs (use three decimal places in your calculations).
b. Determine the cost transferred to finished goods.
c. Determine the amount of cost that should be assigned to the ending work-in-process.

Question

Production and cost data for the month of February for Process A of the Packer Manufacturing Company follow:
  
The company uses the weighted-average cost method in its process costing system.
Required:
a. Calculate the equivalent units and cost per equivalent unit for February for materials and for conversion costs (use three decimal places in your calculations).
b. Determine the cost transferred to finished goods.
c. Determine the amount of cost that should be assigned to the ending work-in-process.

Quizplus · Accepted Answer

The Answer of Production and cost data for the month of February for Process A of the Packer Manufacturing Company follow:
  
The company uses the weighted-average cost method in its process costing system.
Required:
a. Calculate the equivalent units and cost per equivalent unit for February for materials and for conversion costs (use three decimal places in your calculations).
b. Determine the cost transferred to finished goods.
c. Determine the amount of cost that should be assigned to the ending work-in-process.

Production and Cost Data for the Month of February for Process