GaoMaoling Corporation produces a product that passes through two departments. For May, the following equivalent unit schedule was prepared for the first department:
Materials Conversion
Units completed 180,000 180,0000
Units, EWIP x percentage complete :
15,000 x 100% 15,000
15,000 x 40% 6,000
Eqivalent units of output 195,000 186,000
Costs assigned to beginning work in process:
Materials $ 51,000
Conversion: $24,750
Manufacturing costs incurred during the month:
Materials: $ 56,250
Conversion: $ 45,000
A. Compute the unit ost for may using the weighted average method. (show all work for credit)
B. Determine the cost of goods transferred out.
C. Determine the cost of ending work in process.