Calmore, Inc., manufactures products that pass through two or more processes. Cal- more uses the…

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 completed

45,000

45,000

Units in ending work in process X Fraction complete:

 

 

8,000 X 0%

8,000 X 60%

    —   

  4,800

Equivalent units of output

45,000

49,800

The unit cost was computed as follows:

 

Materials

$1.30

Conversion

  0.50

Total

$1.80

  Required

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.

 

 

 

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