Lemon Enterprises produces premier raspberry jam. Output is measured in pints. Lemon uses the weighted-average method. During January, Lemon had the following production data: Units in process, January 1, 60% complete Units completed and transferred out Units in process, January 31, 40% complete Costs: 108,000 pints 720,000 pints 225,000 pints RM162,000 RM1,053,000 Work in process, January 1 Cost added during January Required: a) Using the average weightage method, calculate the equivalent units for January. b) Calculate the unit cost for January. c) Assign costs to units transferred out and EWIP.
Lemon Enterprises produces premier raspberry jam. Output is measured in pints. Lemon uses the weighted-average method. During January, Lemon had the following production data: Units in process, January 1, 60% complete Units completed and transferred out Units in process, January 31, 40% complete Costs: 108,000 pints 720,000 pints 225,000 pints RM162,000 RM1,053,000 Work in process, January 1 Cost added during January Required: a) Using the average weightage method, calculate the equivalent units for January. b) Calculate the unit cost for January. c) Assign costs to units transferred out and EWIP.
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter5: Process Cost Accounting—general Procedures
Section: Chapter Questions
Problem 6E: The records of Burris Inc. reflect the following data: Work in process, beginning of month2,000...
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