question archive Andy Company applies the weighted-average method of process costing
Subject:AccountingPrice: Bought3
costing. The Molding Department reported the following information for March. Physical Units Percent complete with respect to materials Percent complete with respect to conversion Work in process, March 1 12,000 100% 70% Units started 20,000 Units completed and transferred out 28,000 Work in process, March 31 4,000 80% 40% Costs for March Materials Conversion Work in process, March 1 $70,000 $100,000 Added during the month $148,400 $136,800 Compute the cost per equivalent unit for materials, cost per equivalent unit for conversion, and cost of units completed and transferred out.