1) Calculate total costs to account for and total costs accounted for.

A) 5,940

B) 5,540

C) 5,140

D) 400

2) Calculate total units to account for and total units accounted for.

A) 600

B) 500

C) 460

D) 400

3) Calculate total units completed and transferred out.

A) 600

B) 500

C) 460

D) 400

4) Calculate equivalent units of production (EUP) for direct materials.

A) 600

B) 500

C) 460

D) 400

5) Calculate equivalent units of production (EUP) for conversion costs.

A) 600

B) 500

C) 460

D) 400

6) Calculate cost per equivalent unit for direct materials and conversion costs, respectively.

A) $5 for Direct Materials and $7 for conversion costs

B) $4 for Direct Materials and $8 for conversion costs

C) $3 for Direct Materials and $9 for conversion costs

D) $2 for Direct Materials and $6 for conversion costs

7) Calculate cost assigned to units completed and transferred out (cost of goods manufactured).

A) 4,800

B) 4,600

C) 1,340

D) 1,140

8) Calculate cost assigned to units in ending goods in process inventory.

A) 4,800

B) 4,600

C) 1,340

D) 1,140

Please explain each step to find the answer for each problem (clearly). Thanks.

A manufacturer uses the weighted average method of process costing to assign production costs to its products. All direct materials are added at the beginning of the process and conversion costs (direct labor and factory overhead) are added evenly throughout the process. The manufacturer reports the following production data. $100 $300 $400 Beginning work in process inventory (100 units): Units are 100% complete for materials and 60% complete for conversion Direct materials Conversion costs Total cost in beginning inventory Costs added this period: Direct materials (for 500 units started) Conversion costs Total costs added this period Cost of units completed and transferred (cost of goods manufactured) Ending goods in process inventory (200 units): Units are 100% complete for materials and 30% complete for conversion $1,700 $3,840 $5,540