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1) Brite Toothbrushes has gathered the following information to complete its Production Report for the month of April. Assume all materials are added at the

1) Brite Toothbrushes has gathered the following information to complete its Production Report for the month of April. Assume all materials are added at the beginning of the process.

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Brite Toothbrushes Process Costing Production Report (Weighted Average Method) Assembly Department For the Month Ended April 30, XXXX UNITS Physical Units Units to be accounted for: 2,500 Beginning work in process 50% complete as to conversion Started into production 55,000 Total units 57,500 Equivalent Units Direct Conversion Cost Materials Units accounted for: 45,000 45,000 45,000 Completed and transferred out Ending work in process 30% complete as to conversion Total units 12,500 12,500 3,750 57,500 57,500 48,750 COSTS Conversion Cost Total Cost $ Direct Materials $ 42,500 $ 949,375 $ 991,875 Cost of beginning work in process Current period costs Total costs Equivalent units Cost per equivalent unit $ 7,500 289,875 297,375 $ 50,000 $ 1,239,250 $ 1,289,250 $ $ $ $ 57,500 17.25 48,750 6.10 $ $ 23.35 Direct Materials Conversion Cost Total Cost Costs to be accounted for Materials Conversion Cost Units accounted for: 45,000 45,000 Completed and transferred out Ending work in process 30% complete as to conversion Total units 45,000 12,500 12,500 3,750 57,500 57,500 48,750 COSTS Conversion Cost Direct Materials $ 42,500 Total Cost $ 7,500 $ Cost of beginning work in process Current period costs $ $ $ 50,000 1,239,250 1,289,250 Total costs $ $ $ 949,375 991,875 57,500 17.25 289,875 297,375 48,750 6.10 $ $ Equivalent units Cost per equivalent unit $ $ $ 23.35 Direct Materials Conversion Cost Total Cost $ 45,000 Costs to be accounted for Beginning work in process Current period costs Total costs $ 17 Costs accounted for: Completed and transferred out Ending work in process Total costs 2 Canyon Company's Assembly Department has the following production and manufacturing information for February: Units: 1.5 points 28,000 in beginning inventory that are 100 percent complete for materials and 20 percent for conversion. 44,600 units finished and transferred out. 17,500 units in ending inventory that are 100 percent complete for materials and 45 percent complete for conversion. Skipped Costs: eBook Beginning Current Materials $13,500 30,000 Conversion $ 47,200 111,400 Hint Required: Calculate cost per equivalent unit using the weighted average method. (Round cost per Equivalent Unit to 5 decimal places.) Print Direct Materials Conversion Cost per Equivalent Unit References 5 Costs Units 80,000 $ 80,000 190,000 $270,000 3 points Beginning work in process (30% complete) Direct materials Conversion cost Total cost of beginning work in process Number of units started Number of units completed and transferred to finished goods Ending work in process (50% complete) Current period costs Direct materials Conversion cost Total current period costs 152,000 ? 68,000 eBook $180,000 314,000 $494,000 Print Required: 1. Using the weighted average method of process costing, complete each of the following steps. References a. Reconcile the number of physical units worked on during the period. b. Calculate the number of equivalent units. c. Calculate the cost per equivalent unit. d. Reconcile the total cost of work in process. Complete this question by entering your answers in the tabs below. Reg 1A Req 1B Req 1C Req 1D Using the weighted average method of process costing, calculate the cost per equivalent unit. (Round Cost per Equivalent Unit to 5 decimal places.) Direct Materials Conversion $ 1.12069 $ 2.54546 Cost per Equivalent Unit Req 1B Req 1D >

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