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

The company uses the weighted-average method in its process costing system.

Required:

a) Calculate the equivalent units and unit costs for February for materials and for conversion costs.
b) Determine the cost transferred to finished goods.
c) Determine the amount of cost that should be assigned to the ending work-in-process and finished goods inventories.

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 method in its process costing system.

Required:

a) Calculate the equivalent units and unit costs for February for materials and for conversion costs.
b) Determine the cost transferred to finished goods.
c) Determine the amount of cost that should be assigned to the ending work-in-process and finished goods inventories.

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 method in its process costing system.

Required:

a) Calculate the equivalent units and unit costs for February for materials and for conversion costs.
b) Determine the cost transferred to finished goods.
c) Determine the amount of cost that should be assigned to the ending work-in-process and finished goods inventories.

Production and Cost Data for the Month of February for Process