Antoinette Nunally Company uses the weighted average method of process costing. It had 30,000 units in beginning ventory, which were 80% complete as to materials and 65% complete as to conversion. During the month, it started 30,000 units. At the end of the month, 20,000 units were in inventory, which were 60% complete as to materials and 25% complete as to conversion. Cost information is as follows: Beginning work in process inventory: Direct materials costs Conversion costs Total beginning inventory cost Costs added during the month: Direct materials costs Conversion costs Total costs added during the month Total production costs $75,600 90,675 282,800 392,325 $166,275 675,125 $841,400

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Antoinette Nunally Company uses the weighted average method of process costing. It had 30,000 units in beginning
inventory, which were 80% complete as to materials and 65% complete as to conversion. During the month, it started
90,000 units. At the end of the month, 20,000 units were in inventory, which were 60% complete as to materials and
25% complete as to conversion. Cost information is as follows:
Beginning work in process inventory:
Direct materials costs
Conversion costs
Total beginning inventory cost
Costs added during the month:
Direct materials costs
Conversion costs
Total costs added during the month
Total production costs
Beginning Inventory
Units Started
Ending Inventory
Equivalent Units of Production
Equivalent units completed and transferred out
Equivalent units for ending work in process
Total equivalent units of production
Cost per Equivalent Unit of Production
$75.600
90,675
Costs of beginning work in process inventory
Costs added during month
Total costs
282,800
392.325
Units Materials X Conversion
30.000
80%
90.000
20,000
60X
$166,275
Direct materials
675,125
$841,400
65%
Conversion
Direct materials Conversion
Transcribed Image Text:Antoinette Nunally Company uses the weighted average method of process costing. It had 30,000 units in beginning inventory, which were 80% complete as to materials and 65% complete as to conversion. During the month, it started 90,000 units. At the end of the month, 20,000 units were in inventory, which were 60% complete as to materials and 25% complete as to conversion. Cost information is as follows: Beginning work in process inventory: Direct materials costs Conversion costs Total beginning inventory cost Costs added during the month: Direct materials costs Conversion costs Total costs added during the month Total production costs Beginning Inventory Units Started Ending Inventory Equivalent Units of Production Equivalent units completed and transferred out Equivalent units for ending work in process Total equivalent units of production Cost per Equivalent Unit of Production $75.600 90,675 Costs of beginning work in process inventory Costs added during month Total costs 282,800 392.325 Units Materials X Conversion 30.000 80% 90.000 20,000 60X $166,275 Direct materials 675,125 $841,400 65% Conversion Direct materials Conversion
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