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Required information The following information s to the questions d yed below During April, the first production department o
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Answer #1
Required 1 & 2
Equivalent Units of Production (EUP)- Weighted Average Method
Units % Materials EUP- Materials % Conversion EUP- Conversion
Units in ending inventory 106000 80% (106000*80%)= 84800 30% (106000*30%)= 31800
Units completed and transferred out 420000 100% 420000 100% 420000
Equivalent units or production 526000 504800 451800
Cost per Equivalent Unit of Production Materials Conversion
Cost of beginning inventory $339208 $26430
Cost incurred this period 1452832 1035300
Total costs Costs $1792040 Costs $1061730
Equivalent Units off Production EUP 504800 EUP 451800
Cost per equivalent unit of production $3.55 $2.35
Total Cost to Account for
Direct materials- Prior period $339208
Direct materials- Current period 1452832
Conversion- Prior period 26430
Conversion- Current period 1035300
Total cost to account for $2853770
Total cost accounted for 2853770
Difference due to rounding cost/unit $0
Required 3
Cost Assignment and Reconciliation EUP Cost per EUP Total cost
Cost of units transferred out
Direct materials 420000 $3.55 $1491000
Conversion 420000 $2.35 987000
Total cost transferred out $2478000
Cost of ending work in process EUP Cost per EUP Total cost
Direct materials 84800 $3.55 $301040
Conversion 31800 $2.35 74730
Total cost of ending work in process $375770
Total cost accounted for $2853770
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