Acc505 Managerial Accounting: (TCO F) Loxham Corporation uses the weighted-average method

Acc505 Managerial Accounting

(TCO F) Loxham Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below:
Work in process, beginning:
Units in beginning work in process inventory 400
Materials costs 6,900
Conversion costs 2,500
Percent complete for materials 80%
Percent complete for conversion 15%
Units started into production during the month 6,000
Units transferred to the next department during the month 5,400
Materials costs added during the month 112,500
Conversion costs added during the month 210,300

Ending work in process:
Units in ending work-in-process inventory 1,000
Percentage complete for materials 80%
Percentage complete for conversion 30%

Required:
Calculate the equivalent units for materials for the month in the first processing department.
Powered by