Natraj Company uses
the weighted-average method in its process costing system. The
Curing Department of Harmon Company reported the following
information for the month of November.
| Units | Percentage Complete With Respect to Conversion | |
| Work in process, November 1 | 10,000 | 80% |
| Units started | 28,000 | |
| Completed and transferred out | 30,000 | |
| Work in process, November 30 | 8,000 | 30% |
| Cost of November: | Materials | Conversion |
| Work in process, November 1 | $34,500 | $48,600 |
| Added during the month | $146,000 | $194,400 |
All materials are
added at the beginning of the process.
Compute the following
items using the weighted-average method:
- The equivalent units of production for materials.
- The cost per equivalent unit for conversion.
- The total cost assigned to units transferred out of the curing department during November.
- The cost assigned to work-in-process inventory as of November 30.
