(Answered) Question - pickering manufacturing company uses a process

Accounting

Question - Pickering Manufacturing Company uses a process costing system. The following information relates to one month's activity in the company's Curing Department:

	Units	Conversion Percentage Complete
Beginning WIP inventory	10,000	20%
Units started	21,000
Unite completed and transferred out	26,000
Ending WIP	5,000	80%

The conversion cost of the beginning inventory was $6,500. During the month, $112,000 in additional conversion cost was incurred.

Instructions: Assume that the company uses the weighted-average cost method. Compute the following:

1. The equivalent units of production for conversion for the month.

2. The cost per equivalent unit for conversion for the month.

3. The total cost transferred out during the month.

4. The cost assigned to the ending work-in-process inventory.

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