Question: Process costing Homework Conversion costs only
Completed units going from Dept. W. to Finished Goods [FG] Department W:
Data: 1. $5,600.00 Beginning inventory's
2. 60% % complete of beginning inventory quantity
3. 400 Beginning inventory quantity
4. $14,000.00 Period conversion spending
5. 3,000 quantity started in period
6. 500 Ending quantity
7. 70% % complete of ending inventory quantity
To do: A. Compute weighted average beginning equivalent units, ending equivalent units, started & completed equivalent units & cost per unit
B. Compute weighted average ending conversion $s @ department W
C. Compute conversion $s to FG with weighted average
D. Prepare JE for Weighted average at period end
E. Compute FIFO beginning equivalent units, ending equivalent units, equivalent units started & completed, equivalent units for period & cost per unit
F. Compute FIFO ending conversion $s @ department W
G. Compute conversion $s to FG with FIFO
H. Prepare JE for FIFO at period end.