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Required information The following information applies to the questions displayed below.) During April, the first production department of a process manufacturing system completed its work on 310,000 units of a product and transferred them to the next department of these transferred units, 62,000 were in process in the production department at the beginning of April and 248,000 were started and completed in April. April's beginning inventory units were 70% complete with respect to materials and 30% complete with respect to conversion. At the end of April, 84,000 additional units were in process in the production department and were 90% complete with respect to materials and 40% complete with respect to conversion The production department had $817.858 of direct materials and $689,000 of conversion costs charged to it during April. Also, its April beginning inventory of $159,422 consists of $126,862 of direct materials cost and $32,560 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.) Required 1 and 2 Equivalent Units of Production (EUP). Weighted Average Method 46 Materials EUP Materials Conversion EUP Conversion Units Equivalent units of production Equivalent units of production Cost per Equivalent Unit of Production Materials Conversion Costs Costs EUP Total costs - Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Total Costs to Account for: EUP 0 0 $ 0.00 Total costs to account for: Total costs accounted for Difference due to rounding costunit $ 0.00 Required 3. Required 3. Cost Assignment and Reconciliation Cost of units transferred out EUP Cost per EUP Total cost Direct materials EUP 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 EUP Total cost S 0.00 S 0.00 5 0.00 0.00 [The following information applies to the questions displayed below.) During April, the first production department of a process manufacturing system completed its work on 310,000 units of a product and transferred them to the next department of these transferred units, 62,000 were in process in the production department at the beginning of April and 248,000 were started and completed in April. April's beginning inventory units were 70% complete with respect to materials and 30% complete with respect to conversion. At the end of April, 84,000 additional units were in process in the production department and were 90% complete with respect to materials and 40% complete with respect to conversion Prepare the number of equivalent units with respect to both materials and conversion costs in the production department for April using the FIFO method Equivalent Units of Production - FIFO Units % Materials EUP Materials % Conversion EUP. Conversion Equivalent units of production 0 [The following information applies to the questions displayed below) During April, the first production department of a process manufacturing system completed its work on 310,000 units of a product and transferred them to the next department Of these transferred units, 62,000 were in process in the production department at the beginning of April and 248,000 were started and completed in April. April's beginning inventory units were 70% complete with respect to materials and 30% complete with respect to conversion. At the end of April, 84,000 additional units were in process in the production department and were 90% complete with respect to materials and 40% complete with respect to conversion The production department had $817,858 of direct materials and 5689,000 of conversion costs charged to it during April. Also, its beginning inventory of $159,422 consists of $126,862 of direct materials cost and $32,560 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 FIFO 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.) Required 1. and 2 Equivalent Units of Production (EUP)- FIFO Method Units % Materials EUP-Materials Conversion EUP. Conversion Required 1. and 2 Equivalent Units of Production (EUP) FIFO Method Units % Materials EUP Materials % Conversion EUP Conversion Equivalent units of production Cost per Equivalent Unit of Production Materials Conversion Costs EUP Costs EUP Total costs - Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Total Costs to Account for: Total costs to account for Total costs to account for Total costs accounted for Difference due to rounding cost/unit Required 3. Assignment of Costs to Output of Department Cost of 62,000 units from beginning inventory Beginning inventory EUP Cost per EUP Total cost Materials to complete Conversion to complete Total costs to complete Total cost of 62 000 units in beginning inventory Cost of units started and completed this period EUP Cost per EUP Total cost Direct materials Conversion costs Total cost of 248.000 units started and completed EUP Conversion costs Total cost of 248 000 units started and completed Total cost of 310.000 units transferred out Costs of units in ending inventory Direct materials Conversion costs Total cost of 84.000 units in ending inventory Total costs assigned Cost per EUP Total cost
