BeeAll Corporation Produces a Product That Passes Through Two Departments

BeeAll Corporation produces a product that passes through two departments. For November, the following equivalent unit schedule was prepared for the first department: $\begin{array}{llr}&\underline{\text { Materials }}&\underline{\text { Conversion}}\\&\underline{\text { Cost }} \\\text { Units completed } & 140,000 & 140,000 \\\text { Units in ending Work-in-Process Inventory } \times \text { fraction complete: } & & \\\text { Materials }(20,000 \times 100 \%) & 20,000 & \\\text { Conversion }(20,000 \times 40 \%) &\underline{\quad\quad} &\underline{8,000} \\ \quad \text { Equivalent units of output } & \underline{160,000} & \underline{148,000}\end{array}$
Costs assigned to beginning Work-in-Process Inventory:
Materials: $88,000
Conversion: $35,000
Manufacturing costs incurred during the month:
Materials: $72,000
Conversion: $76,000
Required:
A. Compute the unit cost for November in the first department using the weighted average costing method.
B. Determine the cost of goods transferred out for the first department.
C. Determine the cost of ending Work-in-Process Inventory in the first department.

Correct Answer:

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A. Cost per equivalent unit:
Materials =...

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