Robinson Products uses the weighted-average method of process costing.The following information was available for the current year:
$\begin{array}{lcc}
& \text {Number } & \text {Production } \
&\underline{ \text {of units } } &\underline{\text { costs }}\
\text { Beginning work-in-process ( $ 10 \% $ complete) } &5000&\$1500\
\text { Units started this period (current period production work) } &90000&2790000\
\text { Ending work-in-process ( $40 \% $ complete) } &2000\
\end{array}$

Required: A. How many total equivalent units were completed during the year?
B. What was the cost per equivalent urit?
C. What is the cost allocated to the ending work-in-pracess units?
D. What is cost of goods manufactured for the year?

Question

Robinson Products uses the weighted-average method of process costing.The following information was available for the current year:
$\begin{array}{lcc}
& \text {Number } & \text {Production   } \
&\underline{ \text {of units  } } &\underline{\text { costs }}\
  \text { Beginning work-in-process ( $ 10 \% $ complete) } &5000&\$1500\
 \text { Units started this period (current period production work) } &90000&2790000\
 \text {  Ending work-in-process ( $40 \% $ complete) } &2000\
\end{array}$

Required: A. How many total equivalent units were completed during the year?
B. What was the cost per equivalent urit?
C. What is the cost allocated to the ending work-in-pracess units?
D. What is cost of goods manufactured for the year?

Quizplus · Accepted Answer

The Answer of Robinson Products uses the weighted-average method of process costing.The following information was available for the current year:
$\begin{array}{lcc}
& \text {Number } & \text {Production   } \
&\underline{ \text {of units  } } &\underline{\text { costs }}\
  \text { Beginning work-in-process ( $ 10 \% $ complete) } &5000&\$1500\
 \text { Units started this period (current period production work) } &90000&2790000\
 \text {  Ending work-in-process ( $40 \% $ complete) } &2000\
\end{array}$

Required: A. How many total equivalent units were completed during the year?
B. What was the cost per equivalent urit?
C. What is the cost allocated to the ending work-in-pracess units?
D. What is cost of goods manufactured for the year?

Robinson Products Uses the Weighted-Average Method of Process Costing Required: A