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, 70.000 were in process in the production department at the beginning of April and 280,000 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, 92.000 additional units were in process in the production department and were 85% complete with respect to materials and 35% complete with respect to conversion, The production department had $1062,050 of direct materials and $750,904 of conversion costs charged to it during April. Also, its beginning inventory of $210,036 consists of $158,320 of direct materials cost and $51,716 of conversion costs. 182. 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.) Equivalent Units of Production (EUP). Weighted Average Method % Material Materials Conversion EUP Conversion Equivalent units of productio Cost per Equivalent Unit of Production Conversion Total costs Costs EUP - Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals)

Answer 1

1 &2:

Units to account for		Materials		Conversion
	Units	%Materials	EUP- Materials	% Conversion	EUP- Conversion
completed and transferred out	350,000	100%	350000	100%	350000
Ending WIP	92,000	85%	78200	35%	32200
Equivalent units of production	442,000		428,200		382,200
Cost per EUP
Costs of beginning inventory			158320		51716
Costs incurred this period			1062050		750904
Total costs		Costs	1220370	Costs	802620
Equivalent units of production		EUP	428,200	EUP	382,200
Cost per Equivalent unit of production			2.85		2.10

Costs charged to production
Costs of beginning work in process	210,036
Costs incurred this period	1,812,954
Total costs to account for	2,022,990
Total costs accounted for	2,022,990
*Difference due to rounding	$0

3.

Costs transferred out	EUP	Cost per EUP	Total cost
Direct Materials	350000	2.85	997500
Conversion	350000	2.10	735000
Total transferred out			1732500
Costs of ending work in process
Direct Materials	78200	2.85	222870
Conversion	32200	2.10	67620
Total cost of ending work in process			290490
Total costs accounted for			2022990