Calmore, Inc., manufactures products that pass through two or more processes. Cal- more uses the weighted average method to compute unit costs. During May, equiva- lent units were computed as follows: Materials Conversion
Units in ending work in process X Fraction complete:
8,000 X 0%
8,000 X 60%
Equivalent units of output
The unit cost was computed as follows:
1. Determine the cost of ending work in process and the cost of the goods trans- ferred out.
2. If possible, prepare a physical flow schedule.