Information for Tyson Company in May for Department One, the first stage of the production cycle, is as follows:
|
Materials |
Conversion Costs |
|
|
Beginning work in process |
$ 7,500 |
$ 6,000 |
|
Costs added during May |
28,500 |
16,050 |
|
Total costs |
$36,000 |
$22,050 |
|
Equivalent units based on average cost |
||
|
method |
10,000 |
9,800 |
|
Goods completed |
9,000 units |
|
|
Ending work in process |
1,000 units |
Material costs are added at the beginning of the process. The ending work in process is 80 percent complete as to conversion costs. How would the total costs accounted for be distributed using the average cost method?
