Required Information
[The following information applies to the questions displayed below.]
Annin Laboratories uses the weighted-average method to account for its work-in-process inventories. The accounting records show the following information for February:
Beginning WIP inventory
Direct materials
Conversion costs
Current period costs
Direct materials
Conversion costs
\$ 21,553
7,105
123,992
55,520
Quantity information is obtained from the manufacturing records and includes the following:
Beginning inventory
Current period units started
Ending inventory
6,000 units (40% complete as to materials, 15% complete as to conversion)
44,200 units
13,000 units (75% complete as to materials, 35% complete as to conversion)
Required:
a. Compute the equivalent units for the materials and conversion cost calculations.
b. Compute the cost per equivalent unit for direct materials and conversion costs.
Complete this question by entering your answers in the tabs below.
Required A Required B
Compute the cost per equivalent unit for direct materials and conversion costs.
Note: Round your answers to 2 decimal places.
Direct Materials
Conversion costs
Cost Per
Equivalent Unit
