Cost Management: A Strategic Emphasis 7th Edition by Edward Blocher,David Stout ,Paul Juras,Gary Cokins

تمرين 17

Weighted-Average Method The T. L. Lin Company manufactures a variety of natural fabrics for the clothing industry in a suburb of Shanghai. The following data in Chinese currency called yuan pertain to the month of October.

During October, 200,000 units were completed and transferred out. At the end of the month, 30,000 units (direct materials 80% and conversion 50% complete) remain in work-in-process inventory.
Required Calculate each of the following amounts using weighted-average process costing.
1. Equivalent units of direct materials and conversion.
2. Unit costs of direct materials and conversion.
3. Cost of goods completed and transferred out during October.
4. Cost of the work-in-process inventory at October 31.
5. Check the most recent issue of The Wall Street Journal or go to www.federalreserve.gov/releases/H10/hist/ to learn the exchange rate between the U.S. dollar and the Chinese yuan.