Question

[The following information applies to the questions displayed below.) During April, the first production department of a process manufacturing system completed its work on 390,000 units of a product and transferred them to the next department. Of these transferred units, 78,000 were in process in the production department at the beginning of April and 312,000 were started and completed in April. April's beginning inventory units were 75% complete with respect to materials and 25% complete with respect to conversion. At the end of April, 100,000 additional units were in process in the production department and were 80% complete with respect to materials and 30% complete with respect to conversion he production department had $1.296,225 of direct materials and $929,160 of conversion costs charged to it during April. Also, its April beginning inventory of $268,115 consists of $231.275 of direct materials cost and $36,840 of conversion costs. 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.) EUP EUP- Units Materials Materials Conversion Conversion Equivalent units of production Cost per Equivalent Unit of Production Materials Conversion Costs EUP Total costs Costs + Equivalent units of production EUP Cost per equivalent unit of production (rounded to 2 decimals) Total Costs to Account for: 0 0 $ 0.00 Total costs to account for: Total costs accounted for Difference due to rounding cost/unit $ 0.00 Required 3. Cost Assignment and Reconciliation Cost of units transferred out EUP Cost per EUP Total cost EUP Direct materials Conversion Total costs transferred out Costs of ending work in process Direct materials Conversion Total cost of ending work in process Total costs accounted for Cost per Total cost EUP $ 0.00 $ 0.00 $ 0.00 0.00

Answer 1

	Units	% Materials	EUP- Materials	% Conversion	EUP- Conversion
Units completed and transferred	390000	100%	390000	100%	390000
Units in ending inventory	100000	80%	(100000*80%)= 80000	30%	(100000*30%)= 30000
Equivalent units of production			470000		420000
Cost per Equivalent unit of production			Materials		Conversion
Cost of beginning inventory			$231275		$36840
Cost incurred this period			1296225		929160
Total costs		Costs	$1527500	Costs	$966000
/ Equivalent units of production		EUP	470000	EUP	420000
Cost per equivalent unit of production (rounded to 2 decimals)			$3.25		$2.30
Total costs to account for:
Direct materials- Prior period	$231275
Conversion- Prior period	36840
Direct materials- Current period	1296225
Conversion- Current period	929160
Total costs to account for:	$2493500
Total costs accounted for	2493500
Difference due to rounding cost/unit	$0.00
Required 3
Cost Assignment and Reconciliation
Cost of units transferred out	EUP	Cost per EUP	Total cost
Direct materials	390000	$3.25	$1267500
Conversion	390000	$2.30	897000
Total costs transferred out				$2164500
Costs of ending work in process	EUP	Cost per EUP	Total cost
Direct materials	80000	$3.25	260000
Conversion	30000	$2.30	69000
Total cost of ending work in process				329000
Total costs accounted for				$2493500

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