Question

Required information Use the following information for the Exercises below. [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, 71,000 were in process in the production department at the beginning of April and 284,000 were started and completed in April. April's beginning inventory units were 65% complete with respect to materials and 35% complete with respect to conversion. At the end of April, 93,000 additional units were in process in the production department and were 90% complete with respect to materials and 40% complete with respect to conversion Exercise 16-9 Weighted average: Costs assigned to output and inventories LO C2 The production department had $1,106,901 of direct materials and $800,823 of conversion costs charged to it during April. Also, its beginning inventory of $207,646 consists of $165.239 of direct materials cost and $42.407 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 (EU) Weighted Average Method Units i Materials ateriat Conversion EUR Conversion for

Answer 1

Equivalent units of production (EUP)- weighted average method
	Units	%Materials	EUP-Materials	%Conversion	EUP-Conversion
Units completed and transferred out	355000	100%	355000	100%	355000
Ending work in process	93000	90%	83700	40%	37200
Total units	448000		438700		392200
Cost per equivalent unit of production			Materials		Conversion
Cost of beginning work in process			165239		42407
Costs incurred this period			1106991		800823
Total costs		Costs	1272230	Costs	843230
÷ Equivalent units of production		EUP	438700	EUP	392200
Cost per equivalent unit of production			2.90		2.15
Total costs to account for:
Direct materials-Prior period	165239
Direct materials-Current period	1106991
Conversion costs-Prior period	42407
Conversion costs-Current period	800823
Total costs to account for	2115460
Total costs accounted for	2115460
Difference due to rounding cost/unit	0
Total cost accounted for:
Cost of units transferred out	EUP	Cost per EUP	Total cost
Direct materials	355000	2.90	1029500
Conversion	355000	2.15	763250
Total cost transferred out				1792750
	EUP	Cost per EUP	Total cost
Cost of ending work in Process
Direct materials	83700	2.90	242730
Conversion	37200	2.15	79980
Total Cost of ending work in Process				322710
Total cost accounted for				2115460