Brother Company prints calendars.All direct materials are added at the inception of the printing process.There were 20,000 units in beginning inventory with a direct material cost of $1,000 and conversion costs of $3,760.
During the month of April,160,000 calendars were started and 144,000 calendars were completed.Direct materials cost $26,000 for the month of April.Conversion costs for the month of April were $20,000.
Ending work-in-process units are 100% complete with regard to direct materials and 40% complete with regard to conversion costs.The weighted-average method of process costing is used by Binding Company.
Required:
A) Compute the equivalent units for materials and conversion costs.
B) Compute the unit costs for materials and conversion costs.
C) Compute the cost of units transferred.
D) Compute the cost of ending work-in-process inventory.

Question

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The Answer of Brother Company prints calendars.All direct materials are added at the inception of the printing process.There were 20,000 units in beginning inventory with a direct material cost of $1,000 and conversion costs of $3,760.
During the month of April,160,000 calendars were started and 144,000 calendars were completed.Direct materials cost $26,000 for the month of April.Conversion costs for the month of April were $20,000.
Ending work-in-process units are 100% complete with regard to direct materials and 40% complete with regard to conversion costs.The weighted-average method of process costing is used by Binding Company.
Required:
A) Compute the equivalent units for materials and conversion costs.
B) Compute the unit costs for materials and conversion costs.
C) Compute the cost of units transferred.
D) Compute the cost of ending work-in-process inventory.

Brother Company Prints Calendars