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# Weighted average cost - process costing

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U3A1
U3A1 Problem 3 3
LifeBlod Corporation uses the Weighted Average Cost System. Determine the cost of ending work in process inventory and of the units transferred in June.
Percentage Complete
Units Materials conversion
Work in process, June 1 5,000 100% 100%
Units started into production during June 100,000
Units completed during June and
transferred to the next Depart. 110,000 100% 100%
Work in process, June 30 5,000 100% 50%

Materials Conversion
Costs in beginning Inv 10,000 20,000
Costs in added during the month 200,000 300,000

C Using the Weighted Average Cost method, please determine the cost of ending work in process inventory and of the units transferred unit during June.

materials Conversion Total
Ending work in Process inventory:
Equivalent Units of production
Cost per equivalent unit (b) 1.826 2.844
Cost of ending work in process inventory XXXXXXX

Units of completed and transferred out:
units transferred to the next department (a) 110,000 110,000
Cost per equivalent units
Cost of units completed and transferred out (a*B) ZZZZZZZ

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U3A1
U3A1 problem 2 lem 2
The DeathBold Corporation has a process costing system. They make Paint for artists. Data related to activities in the Mixing Department for June follow:
Percentage Complete
Units Materials conversion
Work in process, June 1 5,000 100% 100%
Units started into production during June 80,000
Units completed during June and
transferred to the next Depart. 83,000 100% 100%
Work in process, June 30 2,000 100% 50%

Materials Conversion
Costs in beginning Inv 10,000 20,000
Costs in added during the month 200,000 300,000

YOU ARE GIVEN that the Equivalent Units of Production are
Material conversion
85,000 84,000 Given this information; Problem one is not related.

B Using the Weighted Average method. Determine the cost per equivalent unit for both materials and conversion for the month of June.

Materials Conversion
Cost of beginning work in process inventory

total costs (A) GGGGG GGGGGG

Equivalent Units of production (b) 85,000 84,000

Cost per Equivalent Unit A/ B= NNNN MMMM

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U4A1 Problem 1
The DeathBold Corporation has a process costing system. They make Paint for artists. Data related to activities in the Mixing Department for June follow:
Percentage Complete
Units Materials conversation
Work in process, June 1 5,000 100% 100%
Units started into production during June 100,000
Units completed during June and
transferred to the next Depart. 103,000 100% 100%
Work in process, June 30 3,000 100% 50%

Materials Conversion
Costs in beginning Inv 10,000 20,000
Costs in added during the month 200,000 300,000

A. Using the Weighted average method determine the equivalent units of production for both materials and conversion for the month of June.

Materials conversion
Units transferred to the next department XXXXXX ZZZZZZZ You fill in the missing numbers: XXXXX and ZZZZZ

Work in Process, June 30

Materials ( _____ Units * ______ completed) XXXXXX

Conversion ( ______Units * ______ completed) ZZZZZZZ

Equivalent units of production UUUUUU BBBBBBB You fill in the missing numbers: UUUUU and UUUU

#### Solution Preview

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I have put formulas into the required cells on each of the three tabs so you can go see how I got the amounts.

I ...

#### Solution Summary

I put formulas into the required cells on each of the three tabs so you can go see how I got the amounts. I added another complete problem (not in original assignment) with all the parts -- your three exercises are broken into different parts so it is hard to know where all their amounts come from. Also, the data in your problems change in the middle, making it even harder to follow. The full featured problem I added can be a template for other process costing problems. Click on cells to see formula.

\$2.19