349 of 1060 > Page 651 Problem 16-2B Weighted average: Cost per equivalent unit; costs assigned to products @c2@c3 Abraham Company uses process costing to account for its production costs. The company has two production processes. Conversion is added evenly throughout each process. Direct materials are added at the beginning of the first process. Additional information for the first process follows. During September, the first process transferred 80,000 units of product to the next process. Beginning work in process consisted of 2,000 units that were 100% complete with respect to direct materials and 85% complete with respect to conversion of the units completed, 2,000 were from beginning work in process and 78,000 units were started and completed during the period. Beginning work in process had $58,000 of direct materials and $86,400 of conversion cost. At the end of September, the work in process inventory consists of 8,000 units that are 25% complete with respect to conversion. The direct materials cost added in September is $712,000, and conversion cost added is $1,980,000. The company uses the weighted average method. Required For the first process: 1. Determine the equivalent units of production with respect to (a) conversion and (b) direct materials. 2. Compute both the conversion cost and the direct materials cost per equivalent unit. Check (2) Conversion cost per equivalent unit, $25.20 3. Compute both conversion cost and direct materials cost assigned to (a) units completed and transferred out and (b) ending work in process inventory. (35) $120,400 WheBook Pro