Barnett company uses the weighted-average method in, Ask an Expert

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Barnett Company uses the weighted-average method in itsprocess costing system. The company adds materials t thebeginning of the process in Department M. Conversion costsere 75% complete with respect to the 4,000 units in work in processat May 1 and 50% complete with respect to the 6,000 units in workin process at May 31. During May, 12,000 units were completedand transferred to the next department. an analysis of thecosts relating to work in process at May 1 and to productionactivity for May follows:

Materials Conversion

Work in process5/1.......................$13,800 $3,740

Costs added duringMay................$42,000 $26,260

The total cost per equivalent unit for May was:

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Accounting Basics, Accounting

Category:- Accounting Basics
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