Question

Weston Products manufactures an industrial cleaning compound that goes through three processing departments-Grinding. Mixing. and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below: Inventory, May 1 Materials Conversion Inventory, May 31 Work in Process-Grinding Department 7 7,760 Completed and transferred to the Mixing Department 423,340 215,668 P The May 1 work in process inventory consisted of 54.000 pounds with $50,760 in materials cost and $27,000 in conversion cost. The May 1 work in process inventory was 100% complete with respect to materials and 30% complete with respect to conversion. During May, 377,000 pounds were started into production. The May 31 inventory consisted of 132.000 pounds that were 100% complete with respect to materials and 70% complete with respect to conversion. The company uses the weighted average method in its process costing system. Required: Required: 1. Compute the Grinding Department's equivalent units of production for materials and conversion in May. 2. Compute the Grinding Department's costs per equivalent unit for materials and conversion for May 3. Compute the Grinding Department's cost of ending work in process inventory for materials, conversion, and in total for May. 4. Compute the Grinding Department's cost of units transferred out to the Mixing Department for materials, conversion, and in total for May. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the Grinding Department's equivalent units of production for materials and conversion in May. Materials Conversion Equivalent units of production Required 2 > • Required

Answer 1

Work in Process, Beginning	54000
Add: Pounds started during May	377000
Less: Ending inventory	-132000
Units completed and transferred out	299000
1
	Materials	Conversion
Units completed and transferred out	299000	299000
Work in process, ending:
132000 X 100%	132000
132000 X 70%		92400
Equivalent units of production	431000	391400
2
	Materials	Conversion
Work in process, May 1	50760	27000
Cost added during May	423340	215668
Total costs	474100	242668
Divide by Equivalent units of production	431000	391400
Cost per Equivalent unit	1.10	0.62
3
	Materials	Conversion	Total
Work in process, ending units	132000	92400
X Cost per Equivalent unit	1.10	0.62
Cost of ending work in process inventory	145200	57288	202488
4
	Materials	Conversion	Total
Units completed and transferred out	299000	299000
X Cost per Equivalent unit	1.10	0.62
Cost of Units completed and transferred out	328900	185380	514280