Harmon Company Uses the Weighted-Average Method in Its Process Costing

Essay

Harmon 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:
$$\begin{array} { | l | r | r | } \hline & \text { Units } & \begin{array} { r } \text { Conversion percentage } \\\text { complet }\end{array} \\\hline \begin{array} { l } \text { Work in process, Novernber } \\1\end{array} & 10,000 & 80 \% \\\hline \text { Units started } & 28,000 & \\\hline \begin{array} { l } \text { Completed and transferred } \\\text { out }\end{array} & 30,000 & \\\hline \begin{array} { l } \text { Work in process, November } \\\text { 30 }\end{array} & 8,000 & 30 \% \\\hline\end{array}$$
$$\begin{array} { | l | r | r | } \hline \text { Costs for November: } & \text { Materials } & \text { Conversion } \\\hline \begin{array} { l } \text { Work in process, November } \\1\end{array} & \$ 34,500 & \$ 48,600 \\\hline \text { Added during the month } & \$ 146,000 & \$ 194,400 \\\hline\end{array}$$
All materials are added at the beginning of the process.
Required:
Compute the following items for the company's monthly production report using the weighted-average method:
a)The equivalent units (EUs)of production for materials.
b)The cost per equivalent unit for conversion.
c)The total cost assigned to units transferred out of the Curing Department during November.
d)The cost assigned to work-in-process inventory as of November 30.