Solex Company produces a high-quality insulation material that passes through two production processes. Data for June for the first process follow:
Required:
1. Assume that the company uses the weighted-average method of accounting for units and costs. Determine the equivalent units for June for the first process.
2. Compute the costs per equivalent unit for June for the first process.
3. Determine the total cost of ending work in process inventory and the total cost of units transferred to the next process in June.
To answer these questions, we need some data related to the production process. The data provided for June in the first process is missing. Please provide the following information:
1. The number of units started and completed during June in the first process.
2. The degree of completion for the units in the ending work in process inventory for June in the first process.
3. The total cost incurred during June for the first process, including both direct materials and direct labor costs.
Once we have this information, I can guide you through the calculations to determine the equivalent units, the costs per equivalent unit, and the total costs of the ending work in process inventory and units transferred to the next process in June for the first process.