Business, 29.10.2021 14:20 Dreambig85

Carter Inc. had the following production and cost information for its fabrication department during April (with materials added at the beginning of the fabrication process): Production:
Units in process, April 1, 50% complete with respect to conversion 10,000
Units completed 65,200
Units in process, April 30, 60% complete 12,000
Costs:
Work in process, April 1:
Materials $40,980
Conversion costs 14,600
Total $55,580
Current costs:
Materials $125,000
Conversion costs 210,000
Total $335,000
Carter uses the weighted average method.
Required:
1. Prepare an equivalent units schedule.
2. Calculate the unit cost. Round all intermediate calculations and final answer to the nearest cent.
$per unit
3. Calculate the cost of units transferred out and the cost of EWIP. In your calculations round unit cost to the nearest cent and your final answers to the nearest dollar.

Answers: 1

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Carter Inc. had the following production and cost information for its fabrication department during...

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