Shawinigan Inc. uses a weighted-average process-costing system. All materials are introduced at the beginning of production; conversion costs are incurred evenly throughout the manufacturing process. The following information pertains to April:
$\begin{array} { l r }
\text { Beginning work in process ( } 80 \% \text { complete) } & 9,000 \text { units } \
\text { Goods completed during April } & 53,000 \text { units } \
\text { Ending work in process ( } 30 \% \text { complete) } & 12,000 \text { units }
\end{array}$ The company's accountant has already computed the cost per equivalent unit, as follows: materials, $5; conversion, $14.
Required:
Calculate the cost of goods completed during April and the cost of the ending work-in-process inventory.

Question

Shawinigan Inc. uses a weighted-average process-costing system. All materials are introduced at the beginning of production; conversion costs are incurred evenly throughout the manufacturing process. The following information pertains to April:
 $\begin{array} { l r } 
\text { Beginning work in process ( } 80 \% \text { complete) } & 9,000 \text { units } \
\text { Goods completed during April } & 53,000 \text { units } \
\text { Ending work in process ( } 30 \% \text { complete) } & 12,000 \text { units }
\end{array}$ The company's accountant has already computed the cost per equivalent unit, as follows: materials, $5; conversion, $14.
Required:
Calculate the cost of goods completed during April and the cost of the ending work-in-process inventory.

Quizplus · Accepted Answer

The Answer of Shawinigan Inc. uses a weighted-average process-costing system. All materials are introduced at the beginning of production; conversion costs are incurred evenly throughout the manufacturing process. The following information pertains to April:
 $\begin{array} { l r } 
\text { Beginning work in process ( } 80 \% \text { complete) } & 9,000 \text { units } \
\text { Goods completed during April } & 53,000 \text { units } \
\text { Ending work in process ( } 30 \% \text { complete) } & 12,000 \text { units }
\end{array}$ The company's accountant has already computed the cost per equivalent unit, as follows: materials, $5; conversion, $14.
Required:
Calculate the cost of goods completed during April and the cost of the ending work-in-process inventory.

Shawinigan Inc The Company's Accountant Has Already Computed the Cost Per Equivalent