Hooper Inc. had the following production and cost information for its painting department during April (materials are added at the beginning of the process)
Production:
6,000 Units in Process April 1st, 30% complete for conversion costs
30,000 Units Completed
8,000 Units in Process April 30th, 80% complete for conversion costs
Costs:
BWIP April 1st
Conversion Costs 80,000
Materials 60,000
Current Period Costs
Materials 60,0000
Conversion Costs 12,0000
Hooper uses the weighted average method
A) Calculate the equivalent units for April
B) Calcualte the unit cost
C) Calculate the cost of units transferred out and assigned to EWIP