Moravia Company, Process costing-weighted average
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Moravia Company processes and packages cream cheese. The following data have been compiled for
the month of April. Conversion activity occurs uniformly throughout the production process.
Work in process, April 1-10,000 units:
Direct material: 100% complete, cost of ................................................................................................ $ 22,000
Conversion: 20% complete, cost of ....................................................................................................... 4,500
Balance in work in process, April 1 ....................................................................................................... $ 26,500
Units started during April .......................................................................................................................... 100,000
Units completed during April and transferred out to finished-goods inventory ............................................... 80,000
Work in process, April 30:
Direct material: 100% complete
Conversion: 33 1 3 % complete
Costs incurred during April:
Direct material .................................................................................................................................... $198,000
Conversion costs:
Direct labor .................................................................................................................................... $ 52,800
Applied manufacturing overhead ... .................................................................................................... 105,600
Total conversion costs ...................................................................................................................... $158,400
Required:
Prepare schedules to accomplish each of the following process-costing steps for the month
of April. Use the weighted-average method of process costing.
1. Analysis of physical flow of units.
2. Calculation of equivalent units.
3. Computation of unit costs.
4. Analysis of total costs.
5. Build a spreadsheet: Construct an Excel spreadsheet to solve all of the preceding requirements.
Show how the solution will change if the following data change: the April 1 work-in-process costs
were $27,000 for direct material and $5,000 for conversion.
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Solution Summary
1. Analysis of physical flow of units.
2. Calculation of equivalent units.
3. Computation of unit costs.
4. Analysis of total costs.
5. Build a spreadsheet: Construct an Excel spreadsheet to solve all of the preceding requirements.
Show how the solution will change if the following data change: the April 1 work-in-process costs
were $27,000 for direct material and $5,000 for conversion.
Purchase this Solution
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