Nichola,Inc.manufactures products that pass through two processes.The company uses the weighted average method to compute unit costs.During April,equivalent units were computed as follows:
Cost was added as follows:
Required:
$$\begin{array} { l r }
\text { Materials } & \$ 73,750 \
\text { Conversion cost } & 57,200 \
\text { Total cost } & \$ 130,950
\end{array}$$ A. Determine the cost of the goods transferred out.
B. Determine the cost of ending work in process.
Determine the cost of the goods transferred out if materials in ending work in process had
C. been $90 \%$ complete and conversion in ending work in process had been $70 \%$ complete. Round costs per unit to two decimal places if necessary.

Question

Nichola,Inc.manufactures products that pass through two processes.The company uses the weighted average method to compute unit costs.During April,equivalent units were computed as follows:
Cost was added as follows:
  Required:
 $$\begin{array} { l r } 
\text { Materials } & \$ 73,750 \
\text { Conversion cost } & 57,200 \
\text { Total cost } & \$ 130,950
\end{array}$$ A. Determine the cost of the goods transferred out.
B. Determine the cost of ending work in process.
Determine the cost of the goods transferred out if materials in ending work in process had
C. been $90 \%$ complete and conversion in ending work in process had been $70 \%$ complete. Round costs per unit to two decimal places if necessary.

Quizplus · Accepted Answer

The Answer of Nichola,Inc.manufactures products that pass through two processes.The company uses the weighted average method to compute unit costs.During April,equivalent units were computed as follows:
Cost was added as follows:
  Required:
 $$\begin{array} { l r } 
\text { Materials } & \$ 73,750 \
\text { Conversion cost } & 57,200 \
\text { Total cost } & \$ 130,950
\end{array}$$ A. Determine the cost of the goods transferred out.
B. Determine the cost of ending work in process.
Determine the cost of the goods transferred out if materials in ending work in process had
C. been $90 \%$ complete and conversion in ending work in process had been $70 \%$ complete. Round costs per unit to two decimal places if necessary.

Nichola,Inc Materials $73,750 Conversion cost 57,200 Total cost $130,950\begin{array} { l r } \text { Materials } & \$ 73,750 \\\text { Conversion cost } & 57,200 \\\text { Total cost } & \$ 130,950\end{array} Materials Conversion cost Total cost ​$73,75057,200$130,950​

Nichola,Inc $\begin{array} { l r } \text { Materials } & \$ 73,750 \\\text { Conversion cost } & 57,200 \\\text { Total cost } & \$ 130,950\end{array}$