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Required information [The following information applies to the questions displayed below.) During April, the first production
918,775 723,2 of 2 Costs Costs $ 766,2 $ 1,061,060 400,400 EUP EUP Costs incurred this period Total costs + Equivalent units
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Answer #1
Equivalent Units of Production EUP (Weighted Average Method)
Units %Materials EUP Materials %Conversion EUP Conversion
Units Completed and Transferred to Finished Goods 330000 100% 330000 100% 330000
Units in Ending Inventory 88000 80% 70400 30% 21120
400400 351120
Cost per Equivalent Units Material Conversion cost
Beginning WIP Inventory Cost 142285 42999
Cost incurred during period 918775 723261
Total Cost to be accounted for 1061060 766260
Total Equivalent Units 400400 356400
Cost per Equivalent Units 2.65 2.15
Total cost to be accounted for
Costs to be accounted for:
Direct Materials- Beginning 142285
Conversion- Beginning 42999
Direct Materials-Current Period 918775
Conversion-Current Period 723261
Total cost to be accounted for 1827320
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