Question

Qnara Corporation uses the weighted average method in its process costing system.

Data concerning its second processing department for the month of July 2023 is as

follows:

Costs

Beginning

Work in

process

Units

started

into

productio

חן

Ending

work in

Units

10,000

120,000

Direct

Materials

28,000

440,000

Conversion

35,920

500,000

4,000

process

Beginning work in process was 100% complete with regard to direct materials and 90%

complete with regard to conversion

Ending work in process was 100% complete with regard to direct materials and 40%

complete with regard to conversion

REQUIRED:

Calculate the equivalent cost per unit for conversion

Answer for prompt 1 Calculate the equivalent cost per unit for

conversion

Prompt 2How many units were completed and transferred out?

Answer for prompt 2 How many units were completed and

transferred out?

Prompt 3Calculate the equivalent units of production for direct

materials

Answer for prompt 3 Calculate the equivalent units of production for

direct materials

Prompt 4Calculate the equivalent units of production for conversion

Answer for prompt 4 Calculate the equivalent units of production for

conversion

Prompt 5Calculate the equivalent cost per unit for materials

Answer for prompt 5 Calculate the equivalent cost per unit for

materials

Fig: 1