Materials are added at the beginning of the production process at Campo Company.

Question

Materials are added at the beginning of the production process at Campo Company. The following information on the physical flow of units is available for the month of November:

Cost data for November show the following:

Required:

a. Compute the cost equivalent units for the conversion cost calculation assuming Campo uses the weighted-average method.

Equivalent units

b. Compute the cost per equivalent unit for materials and conversion costs for November. (Round your answers to 2 decimal places.)

Beginning work in process (50% complete) 51,000 Started in November 590,000 Completed in November and transferred out 565,000 Ending work in process (55% complete) 76,000

Explanation / Answer

a Materials Conversion Completed   and transferred out 565000 565000 Ending work in process 76000 41800 Equivalent units 641000 606800 b Materials Conversion Total costs 336250 1296250 Equivalent units 641000 606800 Cost Per Equivalent Units 0.52 2.14

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