Author Question: Outose Concept manufactures small tables in its Processing Department. Direct materials are added at ... (Read 96 times)

melly21297 · **on:** Mar 6, 2021

Outose Concept manufactures small tables in its Processing Department. Direct materials are added at the initiation of the production cycle and must be bundled in single kits for each unit. Conversion costs are incurred evenly throughout the production cycle. Before inspection, some units are spoiled due to undetectable materials defects. Spoiled units generally constitute 3% of the good units. Data for December 2017 are as follows:

WIP, beginning inventory 12/1/2017

22,700 units

Direct materials (100% complete)
Conversion costs (80% complete)

Started during December

76,300 units

Completed and transferred out 12/31/2017

72,100 units

WIP, ending inventory 12/31/2017

18,100 units

Direct materials (100% complete)
Conversion costs (60% complete)

Costs for December:
WIP, beginning Inventory:

Direct materials

$151,000

Conversion costs

76,900

Direct materials added

231,400

Conversion costs added

294,000

What is the total cost per equivalent unit using the weighted-average method of process costing? (Round any cost per unit calculations to the nearest cent.)
◦ $3.86
◦ $3.69
◦ $7.90
◦ $4.04

dreamfighter72 · **Reply #1 on:** Mar 6, 2021

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