Binding Company prints calendars.All direct materials are added at the inception of the printing process.There were 20,000 units in beginning inventory with a direct material cost of $1,000 and conversion costs of $3,760.
During the month of April,160,000 calendars were started and 144,000 calendars were completed.Direct materials cost $26,000 for the month of April.Conversion costs for the month of April were $20,000.
Ending work-in-process units are 100% complete with regard to direct materials and 40% complete with regard to conversion costs.The weighted-average method of process costing is used by Binding Company.
Required:
A)Compute the equivalent units for materials and conversion costs.
B)Compute the unit costs for materials and conversion costs.
C)Compute the cost of units transferred.
D)Compute the cost of ending work-in-process inventory.

Question

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The Answer of Binding Company prints calendars.All direct materials are added at the inception of the printing process.There were 20,000 units in beginning inventory with a direct material cost of $1,000 and conversion costs of $3,760.
During the month of April,160,000 calendars were started and 144,000 calendars were completed.Direct materials cost $26,000 for the month of April.Conversion costs for the month of April were $20,000.
Ending work-in-process units are 100% complete with regard to direct materials and 40% complete with regard to conversion costs.The weighted-average method of process costing is used by Binding Company.
Required:
A)Compute the equivalent units for materials and conversion costs.
B)Compute the unit costs for materials and conversion costs.
C)Compute the cost of units transferred.
D)Compute the cost of ending work-in-process inventory.

Binding Company Prints Calendars