The Matsui Lubricants Plant Uses The Weighted Average Method To Account For Its Work In Process Inventories The Accoun 1 (46.11 KiB) Viewed 14 times
The Matsui Lubricants Plant Uses The Weighted Average Method To Account For Its Work In Process Inventories The Accoun 2 (12.93 KiB) Viewed 14 times
The Matsui Lubricants plant uses the weighted-average method to account for its work- in-process inventories. The accounting records show the following information for a particular day: Beginning WIP inventory Direct materials Conversion costs Current period costs Direct materials Conversion costs Beginning inventory $ 1,926 498 Quantity information is obtained from the manufacturing records and includes the following: Current period units started Ending inventory 23,120 12,770 580 units (70% complete as to materials, 58% complete as to conversion) 3,600 units 1,400 units (40% complete as to materials, 10% complete as to conversion)
Required: Compute the cost per equivalent unit for direct materials and conversion costs using the weighted-average method. (Round your answers to 2 decimal places.) Materials Conversion costs Cost Per Equivalent Unit
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