Lemon Enterprises produces premier raspberry jam. Output is measured in pints. Lemon uses the weighted-average method. During January, Lemon had the following production data: Units in process, January 1, 60% complete Units completed and transferred out Units in process, January 31, 40% complete Costs: 108,000 pints 720,000 pints 225,000 pints RM162,000 RM1,053,000 Work in process, January 1 Cost added during January Required: a) Using the average weightage method, calculate the equivalent units for January. b) Calculate the unit cost for January. c) Assign costs to units transferred out and EWIP.

Lemon Enterprises produces premier raspberry jam. Output is measured in pints. Lemon uses the weighted-average method. During January, Lemon had the following production data: Units in process, January 1, 60% complete Units completed and transferred out Units in process, January 31, 40% complete Costs: 108,000 pints 720,000 pints 225,000 pints RM162,000 RM1,053,000 Work in process, January 1 Cost added during January Required: a) Using the average weightage method, calculate the equivalent units for January. b) Calculate the unit cost for January. c) Assign costs to units transferred out and EWIP.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 5PB: Ardt-Barger has a beginning work in process inventory of 5.500 units and transferred in 25,000 units...

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