Question

Help please and thank you

! 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, 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. Exercise 16-9 Weighted average: Costs assigned to output and inventories LO C2 The production department had $850,368 of direct materials and $649,296 of conversion costs charged to it during April. Also, its beginning inventory of $167,066 consists of $118,472 of direct materials cost and $48,594 of conversion costs. 1&2. 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" o 2 decimal places.) Equivalent Units Production (EUP)- Weighted Average Method EUP EUP % Conversion Units % Materials Conversion Materials Units ending inventory Units completed and transferred out Equivalent units of production Conversion Cost per Equivalent Unit of Production Materials Costs of beginning inventory Costs incurred this period Total costs Costs Costs Equivalent units of production EUP EUP Cost per equivalent unit of production (rounded to 2 decimals) 0 0 Total Costs to Account for: Total costs to account for 0.00 Total costs accounted for Difference due to rounding cost/unit $ 0.00 Cost Assignment and Reconciliation Cost of units transferred out EUP Cost per EUP Total cost Direct materials Conversion Total costs transferred out Costs ending work in process EUP Cost per EUP Total cost 0.00 S Direct materials 0.00 0.00 Conversion 0.00 Total cost of ending work process Total costs accounted for

Answer 1

1 Caluclation of Equivalent Units Statement of equivalent units of production Average Cost Materials Conversion Cost Percentage Equivale Percentage Of Completion nt Units Completion Of Equivale Particulars Input Units Output Units nt Units Particulars 60000 Units Completed 262000 240000 240000 Opening WIP 100 240000 100 Units Introduced Closing WIP 60 32800 82000 49200 40 322000 289200 272800 322000 Total Materials Conversion Cost Particulars Equivalent units 289200 272800 Caluclation of Closing stock Particulars Units Units completed S 2,40,000.00 82,000.00 Add: Closing WIP Less: Opening WIP Units WIP 60,000.00 S 2,62,000.00 Total Costs to Account for Opening WIP Materials S 1,67,066.00 S 8,50,368.00 S 6,49,296.00 Conversion Cost Total Costs to Account for 16,66,730.00 Materials cost Equivalent units for materials Material Cost per equivalvelent units 9,68,840.00 850368+118472 S 2,89,200.00 3.35 S S 6,97,890.00 649296+48594 Conversion costs Equivalent units for materials S 2,72,800.00 2.56 Conversion Cost per equivalvelent units Conversion costs Total Materials Units Complted and transferred 6,13,979$14,17,996 S 2,48,734 8,04,017 1,64,823S Closing WIP S 83,911