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-   -   Weighted average method (https://www.askmehelpdesk.com/showthread.php?t=272314)

  • Oct 22, 2008, 09:36 AM
    babyvina
    weighted average method
    I am having problem to figure out how to calculate the total cost of units transferred to department b and the cost of ending work in process for department a on January 31.

    Here are the information that was provided:

    beginning work in process, January 1: materials $4000 / conversion costs $3000
    current costs: materials $20,000 / conversion costs $16,000

    During the month, 45,000 units were transferred to department b for further processing; 5000 units were in ending work in process and are 50% completed as to the conversion costs. Materials are added in at the beginning of the process. The company uses the weighted-average method.

    I think there might be some number missing. I have tried to calculated with the equations but I am always missing some data.
  • Oct 22, 2008, 04:58 PM
    MF Controller
    Here is a hint... the calculations is total qty / total costs
  • Oct 23, 2008, 06:03 AM
    babyvina

    The answer for the cost of ending work in process should be $2275, right?

    $0.91/unit* (5000units at 50% completed) = $2275

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