4 AAa 11 iil A N AaBbCcDdEe AaBbCcDdEe . llil Normal No Spacing Name I.D# PROCESS COSTING EXAMPLE PROBLEM (Weighted Average method) Reem & Hiba (R&H) Sweet Company accumulates costs for its single product using process costing. Direct material is added at the beginning of the production process, and conversion activity occurs uniformly throughout the process. Data for July follow: Work in process, July 1: 25,000 units 40% complete with respect to conversion Units started during July: 32,000 units Units completed during July: 37,000 units Units started and completed this month: 12,000 units Work in process, July 31: 80% complete (CC) DM Conversion Work in process, July 1 $143,000 $237,350 Costs incurred in July 180,000 451,500 1. What is the total equivalent Units for DM and CC? 2. What is the cost per equivalent unit for DM? 3. What is the cost per equivalent unit for CC? What is the total cost of the goods units completed? 5 What amount of conversion costs is assigned to the ending Work-in-Process account for July? English (US)