question archive Andy Company applies the weighted-average method of process costing

Andy Company applies the weighted-average method of process costing

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Andy Company applies the weighted-average method of process

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.

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