In this month's production of roasted peanuts, Windsor added $3,450 of DM costs and $3,541 of conversion costs. Beginning WIP Inventory for the roasting process included $600 for DM costs and $810 for conversion costs. A total of 4,500 equivalent units of peanuts were completed this month in terms of DM resources. The total equivalent units for conversion costs were 4,580. How much total cost does Windsor need to account for this month? Total costs to account for Determine the company's cost per equivalent for both DM and conversion costs, recognizing that Windsor uses the weighted-average method of process costing. (Round answers to 2 decimal places, eg. 15.25.) Cost per equivalent unit $ DM $ Conversion Cost I

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter5: Process Costing
Section: Chapter Questions
Problem 6PA: Narwhal Swimwear has a beginning work in process inventory of 13,500 units and transferred in...
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Q11.

In this month's production of roasted peanuts, Windsor added $3,450 of DM costs and $3,541 of conversion costs. Beginning WIP
Inventory for the roasting process included $600 for DM costs and $810 for conversion costs. A total of 4,500 equivalent units of
peanuts were completed this month in terms of DM resources. The total equivalent units for conversion costs were 4,580.
How much total cost does Windsor need to account for this month?
Total costs to account for
Determine the company's cost per equivalent for both DM and conversion costs, recognizing that Windsor uses the weighted-average
method of process costing. (Round answers to 2 decimal places, eg. 15.25.)
Cost per equivalent unit
$
DM
$
Conversion Cost
I
Transcribed Image Text:In this month's production of roasted peanuts, Windsor added $3,450 of DM costs and $3,541 of conversion costs. Beginning WIP Inventory for the roasting process included $600 for DM costs and $810 for conversion costs. A total of 4,500 equivalent units of peanuts were completed this month in terms of DM resources. The total equivalent units for conversion costs were 4,580. How much total cost does Windsor need to account for this month? Total costs to account for Determine the company's cost per equivalent for both DM and conversion costs, recognizing that Windsor uses the weighted-average method of process costing. (Round answers to 2 decimal places, eg. 15.25.) Cost per equivalent unit $ DM $ Conversion Cost I
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