Brady Products manufactures a silicone paste wax that goes through three processing departments- Cracking, Blending, and Packing. All raw materials are introduced at the start of work in the Cracking Department. The Work in Process T-account for the Cracking Department for a recent month is given below: Work in Process-Cracking Department
- Inventory, May 1 220,220
- Completed and transferred to the Blending Department ?
- Materials 525,610
- Conversion 327,830
- Inventory, May 31 ?
The May 1 work in process inventory consisted of 121,000 pounds with $131,890 in materials cost and $88,330 in conversion cost. The May 1 work in process inventory was 100% complete with respect to materials and 80% complete with respect to conversion. During May, 405,000 pounds were started into production. The May 31 inventory consisted of 91,000 pounds that were 100% complete with respect to materials and 60% complete with respect to conversion. The company uses the weighted-average method to account for units and costs.
Required:
1. Determine the equivalent units of production for May. Materials Conversion Equivalent units of production
2. Determine the costs per equivalent unit for May. (Round your answers to 2 decimal places. Omit the "$" sign in your response.) Materials Conversion Cost per equivalent unit $ $
3. Determine the cost of the units completed and transferred to the Blending Department during May. (Omit the "$" sign in your response.)