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: Work in Process-Grinding Department Inventory, May 1 121,830 | Completed and transferred to the Mixing Department Materials 505,550 Conversion 76,800 Inventory, May 31 The May 1 work in process inventory consisted of 93,000 pounds with $114,390 in materials cost and $7,440 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, 353,000 pounds were started into production. The May 31 inventory consisted of 62,000 pounds that were 100% complete with respect to materials and 60% complete with respect to conversion. The company uses the weighted average method in its process costing system. 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.

Answer 1

Work in Process, Beginning	93000
Add: Pounds started during May	353000
Less: Ending inventory	-62000
Units completed and transferred out	384000
1
	Materials	Conversion
Units completed and transferred out	384000	384000
Work in process, ending:
62000 X 100%	62000
62000 X 60%		37200
Equivalent units of production	446000	421200
2
	Materials	Conversion
Work in process, May 1	114390	7440
Cost added during May	505550	76800
Total costs	619940	84240
Divide by Equivalent units of production	446000	421200
Cost per Equivalent unit	1.39	0.20
3
	Materials	Conversion	Total
Work in process, ending units	62000	37200
X Cost per Equivalent unit	1.39	0.20
Cost of ending work in process inventory	86180	7440	93620
4
	Materials	Conversion	Total
Units completed and transferred out	384000	384000
X Cost per Equivalent unit	1.39	0.20
Cost of Units completed and transferred out	533760	76800	610560