Question

Required information [The following information applies to the questions displayed below.] During April, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. Of these transferred units, 60,000 were in process in the production department at the beginning of April and 240,000 were started and completed in April. April's beginning inventory units were 60% complete with respect to materials and 40% complete with respect to conversion. At the end of April, 82.000 additional units were in process in the production department and were 80% complete with respect to materials and 30% complete with respect to conversion. The production department had $850,368 of direct materials and $649,296 of conversion costs charged to it during April. Also, its beginning inventory of $167,066 consists of $118,472 of direct materials cost and $48,594 of conversion costs. 1&2. Using the weighted average method, compute the direct materials cost and the conversion cost per equivalent unit and assign April's costs to the department's output. (Round "Cost per EUP" to 2 decimal places.)

Answer 1

Total Cost to account for
Beginning work in process	167066
Cost added	1499664
Total cost to account for	1666730
Cost assignment and reconciliation
Cost of units transferred out	EUP	Cost per EUP	Total Cost
Direct materials	300000	2.65	795000
Conversion	300000	2.15	645000
Total costs transferred out				1440000
Cost of ending work in process	EUP	Cost per EUP	Total cost
Direct material	65600	2.65	173840
Conversion	24600	2.15	52890
Total cost of ending work in process				226730
Total costs accounted for				1666730