Tiny Villages Inc.uses the weighted-average method in its process costing system.The following data concern the operations of the company's first processing department - Extruding - for a recent month. Work-ir-process, beginning: Units in process Percent complete with respect to materials Percent complete with respect to corwersion Costs in the beginning inventory: Materials cost Conversion cost Units started into production during the month Units completed and transterred out Costs added to production during the month: Materials cost Conversion cost Work-ir-process, ending: Units in process Percent complete with respect to materials Percent complete with respect to conversion 30080%70%$1,368$8,06411,00011,000$64,948$412,17930080%10% Required: a.Determine the equivalent units of production.b.Determine the costs per equivalent unit.c.Determine the cost of ending work-in-process inventory.d.Determine the cost of the units transferred to the next department.
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Weighted-average method: \[\begin{arra ...
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