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Section 3 (20 points) The Assembly Department uses a process cost accounting system and a weighted average cost flow assumpti
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Answer #1

1) Physical unit account for = 70000+30000 = 100000 Units

2) Equivalent unit

Direct material-EUP Conversion-EUP
Unit transferred out 70000 70000
Ending WIP 30000 30000*30% = 9000
Equivalent unit 100000 79000

3) Cost per equivalent unit of material = 190000+80000/100000 = 2.7

Cost per equivalent unit of conversion = 13000+137100/79000 = 1.9

Cost of unit transferred out = (2.7+1.9)*70000 = 322000

4) Cost of ending inventory = (30000*2.7+9000*1.9) = 98100

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