See attached file.
Rockwall Tile Inc uses the weighted average method for process costing: equivalent units, cost per unit, transferred out, ending WIP© BrainMass Inc. brainmass.com March 4, 2021, 11:48 pm ad1c9bdddf
Rockwall Tile Inc
Department Percent Complete
Units Materials Conversion
Work in process, January 1 100 70% 40%
Units started in production during January 23,000
Units completed in January and transferred out 22,900 100%* 100%*
Work in Process, January ...
The solution uses the weighted average method for process costing to compute equivalent units, cost per unit, transferred out, ending Work in Progress.