eridot Company's grinding department had the following data for the month of January:Production:Line Item DescriptionTonsUnits in process, January 1, 75% complete16,000 tonsUnits completed and transferred out39,000 tonsUnits in process, January 31, 50% complete20,000 tonsCosts:Line Item DescriptionAmountWork in process, January 1$6,235Costs added during January$20,715Determine the cost to be assigned to ending work-in-process (EWIP) using the weighted average method. (Note: Round the unit cost to two decimal places.)a. $9,534b. $4,340c. $5,500d. $8,115

The total cost is the sum of the cost of work in process at the beginning of the period and the…

Answered: eridot Company's grinding department…

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter6: Process Costing

Section: Chapter Questions

Problem 16E: Heap Company manufactures a product that passes through two processes: Fabrication and Assembly. The...

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Question

eridot Company's grinding department had the following data for the month of January:

Production:

Line Item Description	Tons
Units in process, January 1, 75% complete	16,000 tons
Units completed and transferred out	39,000 tons
Units in process, January 31, 50% complete	20,000 tons

Costs:

Line Item Description	Amount
Work in process, January 1	$6,235
Costs added during January	$20,715

Determine the cost to be assigned to ending work-in-process (EWIP) using the weighted average method. (Note: Round the unit cost to two decimal places.)

a. $9,534

b. $4,340

c. $5,500

d. $8,115

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