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Company X uses the weighted average method of process costing (no spoilage). Di...
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Company X uses the weighted average method of process costing (no spoilage). Direct materials are added at 60% of the process and conversion costs are added evenly during the process. The company presented the following information:
|
Physical units
|
Degree of completion
|
BWIP
|
1,000
|
80%
|
Started
|
4,000
|
|
|
|
|
|
DM
|
CC
|
Cost added last period
|
$ 5,000
|
$ 3,000
|
Costs added in the current period
|
$ 25,000
|
$ 30,000
|
Cost / EUP (WA)
|
$14
|
$13,588235294118
|
|
|
|
The degree of completion of EWIP is 10%.
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