Question

6 [The following information applies to the questions displayed below. The Plastic Flowerpots Company has two manufacturing departments, molding and packaging. At the beginning of the month, the molding department has 4,300 units in inventory, 70% complete as to materials. During the month, the molding department started 29,500 units. At the end of the month, the molding department had 6,450 units in ending inventory, 80% complete as to materials. Units completed in the molding department are transferred into the packaging department. Cost information for the molding department for the month follows: moling department has uats At the end of the monhod Part 1 of 2 men are transfered into 2.85 points Beginning work in process inventory (direct materials) Direct materials added during the month 3,500 50,900 Skipped eBook Using the weighted-average method, compute the molding department's (a) equivalent units of production for materials and (b) cost per equivalent unit of production for materials for the month. (Round "cost per equivalent unit of production" to 2 decimal places.) Print References Direct Materials (a) Equivalent units of production (b) Cost per equivalent unit of production

Answer 1

	Beginning work in process			4,300	completed & transferred			27,350
	started during the year			29,500	ending work in process			6,450
	units to be accounted			33,800	units account for			33,800
	Equivalent units
				units	% materials	matterials
	completed & transferred			27,350	100%	27350
	ending work in process			6,450	80%	5160
	Equivalent units					32510
	cost per unit
	beginning work in process					3,500
	cost added during the year					50,900
	total cost					54,400
	Equivalent units of production					32510
	Equivalent cost per unit					1.67
						DM
	a)	Equivalent units of production				32510
	b)	cost per equivalent units of production				1.67
	Weighted average method
						Direct
						Material
	Cost of units transferred out
	Direct Materials					45766
	Cost of ending work in process
	Direct Materials					8634
	total costs assigned					54400