Question

6 ! Required information [The following information applies to the questions displayed below.] Part 2 of 2 0.5 points During April, the first production department of a process manufacturing system completed its work on 300,000 units of a product and transferred them to the next department. 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. eBook The production department had $850,368 of direct materials and $649,296 of conversion costs charged to it during April. Also, its April beginning inventory of $167,066 consists of $118,472 of direct materials cost and $48,594 of conversion costs. Hint Print 1. Compute the direct materials cost per equivalent unit for April. (Round "Cost per EUP" to 2 decimal places.) 2. Compute the conversion cost per equivalent unit for April. (Round "Cost per EUP" to 2 decimal places.) 3. Using the weighted-average method, assign April's costs to the department's output-specifically, its units transferred to the next department and its ending work in process inventory. (Round "Cost per EUP" to 2 decimal places.) References Required 1 and 2. Equivalent Units of Production (EUP)-Weighted Average Method Units Units completed and transferred out 300,000 EUP—Materials % Materials 100% % Conversion 100% 300,000 65,600 EUP_Conversion 300,000 24,600 324,600 82,000 80% 30% 382,000 Equivalent units of production Cost per Equivalent Unit of Production Costs incurred this period 365,600 Materials Conversion Costs Costs EUP EUP Total costs + Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Total Costs to Account for: 0 0 Total costs to account for $ 0.00 Total costs accounted for Difference due to rounding cost/unit $ 0.00

Answer 1

m costs А B с D E F 1 Equivalent Units Of Production (EUP)- Weighted Average Method 2 Units % Materials EUP-Materials % Conversion Eup Conversion 3 Units Completed And Transferred Out 300,000 100% 300,000 100% 300,000 4 Units in ending inventory 82,000 80% 65,600 30% 24,600 5 Equivalent Units Of Production 382,000 365,600 324,600 6 Cost per Equivalent Unit of Production Materials Conversion 7 Cost of beginning inventory $ 118,472 $ 48,594 8 Cost incurred this period $ 850,368 $ 649,296 9 Total costs $ 968,840 costs $ 697,890 10 Equivalent units of production EUP 365,600 EUP 324,600 11 Cost per Equivalent Unit of Production $ 2.65 $ 2.15 12 Total costs to account for: 13 Direct materials-Prior period $ 118,472 14 Conversion-Prior period $ 48,594 15 Direct materials- Current period $ 850,368 16 Conversion-- Current period $ 649,296 17 Total costs to account for: $ 1,666,730 18 Total costs accounted for: $ 1,666,730 19 Difference due to rounding cost/unit 20 Cost Assignment and Reconciliation 21 Cost of units transferred out EUP Cost per EUP Total cost 22 Direct materials 300000 $ 2.65$ 795,000 23 Conversion 300000 $ 2.15$ 645,000 24 Total costs transferred out $ 1,440,000 25 Costs of ending work in process EUP Cost Total cost 26 Direct materials 65600 $ 2.65$ 173,840 27 Conversion 24600 $ 2.15$ 52,890 28 Total cost of ending work in process $ 226,730 29 Total costs accounted for S 1,666,730 0 per EUP

B A B с D E F 1 Equivalent Units of Production (EUP)- Weighted Average Method 2 Units % Materials EUP-Materials % Conversion Eup Conversion 3 Units Completed And Transferred Out 300000 1 =+B3*C3 1 =+B3*E3 4 Units in ending inventory 82000 0.8 =+B4*C4 0.3 =+B4E4 5 Equivalent Units Of Production =+B3+B4 =+D3+D4 =+F3+F4 6 Cost per Equivalent Unit of Production Materials Conversion 7 Cost of beginning inventory 118472 48594 8 Cost incurred this period 850368 649296 9 Total costs costs =+D7+D8 costs =+F7+F8 10 Equivalent units of production EUP =+D5 EUP =+F5 11 Cost per Equivalent Unit of Production =+D9/D10 =+F9/F10 12 Total costs to account for: 13 Direct materials- Prior period =+D7 14 Conversion-Prior period =+F7 15 Direct materials- Current period =+D8 16 Conversion-- Current period =+F8 17 Total costs to account for: =+B13+B14+B15+B16 18 Total costs accounted for: =+E29 19 Difference due to rounding cost/unit =+B17-B18 20 Cost Assignment and Reconciliation 21 Cost of units transferred out EUP Cost per EUP Total cost 22 Direct materials =+D3 =+D11 =+B22"C22 23 Conversion =+F3 =+F11 =+B23*C23 24 Total costs transferred out =+D22+D23 25 Costs of ending work in process EUP Cost per EUP Total cost 26 Direct materials =+D4 =+D11 =+B26*C26 27 Conversion =+F4 =+F11 =+B27*C27 28 Total cost of ending work in process =+D26+D27 29 Total costs accounted for =+E24+E28