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Weighted Average Method Cuevas Company manufactures a single product

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Weighted-Average Method Cuevas Company manufactures
a single product that goes through two processes,
mixing and cooking. These data pertain to the mixing
department for August:
________________________________________________
______________
Work-in-process inventory, August 1
Conversion: 80%
complete 33,000
units
Work-in-process inventory, August 31
Conversion: 40%
complete 27,000
units
Units started into production
54,000
Units completed and transferred
out ?
Costs
Work-in-process inventory, August 1
Material X
64,800
Material Y
89,100
Conversion
119,880
Costs added during August
Material X
152,700
Material Y
135,900
Conversion
304,920

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________________________________________________
_____________
Material X is added at the beginning of work in the mixing
department.
Material Y is also added in the mixing department, but not
until product units are 60% complete with regard
to conversion. Conversion costs are incurred uniformly
during the process. The company uses the weighted-
average cost method.
1) Calculate equivalent units of material X, material Y, and
conversion for the mixing department.
2) Calculate costs per equivalent unit for material X,
material Y and conversion.
3) Calculate the cost of units transferred out.
4) Calculate the cost of ending work-in-process inventory.
Solution
Quantity Schedule Input: Work-in-
process inventory, 8/1 33,000 Units Started
54,000 Total units to account for 87,000
Output: Units completed 60,000 Work-in-
process inventory, 8/31 27,000 Total units account
for 87,000 1) Equivalent Units-Weighted
Average Method Material X
Units completed 60,000 Work-in-process inventory,
8/31 100% 27,000 Total equivalent units 87,000

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Weighted-Average Method Cuevas Company manufactures a single product that goes through two processes, mixing and cooking. These data pertain to the mixing department for August: ________________________________________________ ______________ Work-in-process inventory, August 1 Conversion: 80% complete 33,000 units Work-in-process inventory, August 31 Conversion: 40% complete 27,000 units Units started into production 54,000 Units completed and transferred out ? Costs Work-in-process inventory, August 1 Material X 64,800 Material Y 89,100 Conversion 119,880 Costs added during August Material X 152,700 Material Y 135,900 Conversion 304,920 ________________________________________________ _____________ Material X is added at the beginning of work in the mixing department. Material Y is also added in the mixing department, but not until product units are 60% complete with regard to convers ...
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