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Clopack Company manufactures one product that goes through one processing department called Mixing. All raw materials are intFoundational 4-5 5. Compute the equivalent units of production for conversion. Equivalent units of productionFoundational 4-6 6. What is the cost of beginning work in process inventory plus the cost added during the period for materiaFoundational 4-7 7. What is the cost of beginning work in process inventory plus the cost added during the period for convers

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Answer #1

Answer

  • Working

EUP - Weighted Average Method

Units

% Material

EUP Materials

% Conversion

EUP - Conversion

Units TRANSFERRED

34,500

100%

34,500

100%

34,500

Units of ENDING WIP

7,800

100%

7,800

50%

3,900

Equivalent Units of Production

42,300

38,400

  • Requirement 4
    Equivalent unit for material = 42300
  • Requirement 5
    Equivalent unit for conversion =38400
  • Requirement 6
    Total cost of material = $ 17380 beginning + $ 141245 added = $ 158,625
  • Requirement 7
    Total cost of conversion = $ 14620 beginning + ($90500 + 108000) = $ 213,120
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