Problem 5: Ertle, Inc. uses the weighted average method in its process costing system. The following data concern the op

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Problem 5 Ertle Inc Uses The Weighted Average Method In Its Process Costing System The Following Data Concern The Op 1 (55.84 KiB) Viewed 57 times

Problem 5: Ertle, Inc. uses the weighted average method in its process costing system. The following data concern the operations of the company's first processing department for December: Work in process, December 1: Units in process 400 Percent complete with respect to materials 90% Percent complete with respect to conversion 40% Costs in the beginning inventory: Materials cost $ 756 Conversion cost $4.448 Units started into production during December 13.000 Units completed and transferred out 13,300 Costs added to production during December: Materials cost $29.949 Conversion cost $362,127 Work in process, December 31: Units in process Percent complete with respect to materials 50% Percent complete with respect to conversion a. Using the weighted-average method, determine the equivalent units of production for materials and conversion costs. b. Determine the cost per equivalent unit for materials and conversion costs. c. Determine the cost of units transferred out of the department during December d. Determine the cost of ending work in progress inventory in the department. 100 30%