314 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 $167066 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" to 2 decimal places.) Q0 X Answer is complete but not entre EUP Materials 300,000 % Conversion 100% EUP Conversion 300,000 24,600 324,600 65,600 30% 365,600 Materials Conversion $ 118,472 $ 48,594 850,368 S 968.840 Costs 19 649 296 697 890 324,600 365,600 EUP $ 2.65 1$ 2.15 Equivalent Units of Production (EUP)- Weighted Average Method % Units Materials Units completed and transferred out 300,000 100% Units in ending inventory 82,000 80% Equivalent units of production 382,000 Cost per Equivalent Unit of Production Costs of beginning inventory Costs incurred this period Total costs Costs + Equivalent units of production EUP Cost per equivalent unit of production (rounded to 2 decimals) Total Costs to Account for: Direct materials - Current period $ 118,472.00 Conversion - Current period 850,368.00 X Direct materials - Prior period 968,840.00 Conversion - Prior period 365,600.00 $ Total costs to account for: 2.303,280.00 Total costs accounted for 1,129,988.00 $ Difference due to rounding cost/unit 1,173,292.00 Cost Assignment and Reconciliation X X at nar Conversion - Prior period Total costs to account for 365,600.00 19 2,303,280.00 1,129,988.00 $ 1.173,292.00 Total costs accounted for Difference due to rounding cost/unit Cost Assignment and Reconciliation Cost per Cost of units transferred out EUP Total cost EUP 2.65 Direct materials 300,000 5 S850,368.00 52,890.00 Conversion 300.000 $ 2.15 Total costs transferred out $ 903,258.00 Cost per Costs of ending work in process EUP Total cost EUP Direct materials S 2.65 65,600 24,600 S173,840.00 52,890.00 Conversion S 2.15 Total cost of ending work in process 226,730.00 $ 1,129,988.00 Total costs accounted for