Question

2 During April, the production department of a process manutacturing system completed a number of units of a product and transfemed them to finished goods. Or 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 Aprirs beginning invertory units were 60% complete with respect to materials and 40 % complete with respect to conversion. At the end of April 82,000 addtional unts were in process in the production department and were 80% complete with respect to matenals and 30% complete with respect to conversion Part 2 of 2 20 The production department had $850,368 of direct matenals and $649.296 of conversion costs charged to it duning April Also. ts beginning inventory of $167,066 consists of $118,472 of direct matenals cost and $48.594 or conversion costs. points 03:3013 162. Using the weighted-average method, compute the direct materials cost and the conversion cost per equivaient unit and assign Apr's costs to the department's output. (Round "Cost per EUP to 2 decimal places.) Equivalent Units of Production (EUP)-Weighted Average Method EUP eBook EUP % % Materials Materials Conversion Conversion Units Hint Equivalent units of production Cost per Equivalent Unit of Production Reference Conversion Materials Costs EUP Costs FUP Total costs Equivalent units of production Cost per equvalent unit of production (rounded to 2 decimals) Total Costs to Account for Total costs to account for Total costs accounted for Difference due to rounding costlunit Cost Assignment and Reconciliation Cost per Tetal cost EUP EUP Cost of units transferred out Direct matenals Conversion Total costs transferred out Cost pen EUP Costs of ending work in process Direct materals Conversion Teal eo nfendinn wnk in Tetal cost EUP

Answer 1

UNITS TO ACCOUNT FOR:
Beginning Work in Process units					60,000
Add: Units Started in Process					322,000
Total Units to account for:					382,000
UNITS TO BE ACCOUNTED FOR:
Units completed and transferred out					300,000
Ending Work in Process					82,000
Total Units to be accounted for:					45,000
Equivalent Units:
			UNITS	Material Cost		Conversion
				% Completion	Units	% Completion	Units
Units complted				100%	300,000	100%	300,000
Ending Work in Process				80%	65,600	30%	24,600
Total Equivalent units					365,600		324,600
TOTAL COST TO ACCOUNT FOR:
				Material		Conversion
Beginning work in Process				118,472		48,594
Cost Added during May				850,368		649,296
Total Cost to account for:				968,840		697,890
Equivalent Units				365,600		324,600
Cost per Equivalent unit				2.65		2.15
Total cost to Account fr:
Cost of Beginingg WIP				167066
Current cost incurred				1499664
Total cost to Account fr:				1666730
Total cost accounted fr				1666730
Difference				0
TOTAL COST ACCOUNTED FOR:
Units completed and Transferred out (300000 units)
				Equivalent unit	Cost per EU	Total Cost
Material				300,000	2.65	795000
Conversion Cost				300,000	2.15	645000
Total Cost of Units completed and transferred out:						1440000
Ending Work in process (82000 units)
				Equivalent unit	Cost per EU	Total Cost
Material				65,600	2.65	173840
Conversison Cost				24,600	2.15	52890
Total cost of Ending Work in process:						226,730
Total cost accounted for						1,666,730