4 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 $167.066 consists of $118,472 of direct materials cost and $48,594 of conversion costs. 182. 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.) rences Equivalent Units of Production (EUP). Weighted Average Method Units % Materials EUP Materials % Conversion EUP Conversion Equivalent units of production Cost per Equivalent Unit of Production Materials Conversion Costs EUP Costs EUP Total costs + Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Total Costs to Account for: 0 0 Equivalent Units of Production (EUP)-Weighted Average Method Units % Materials EUP Materials EUP Conversion % Conversion Equivalent units of production Cost per Equivalent Unit of Production Materials Conversion Costs Costs EUP EUP Total costs + Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Total Costs to Account for: 0 0 $ 0.00 $ 0.00 EUP Cost per EUP Total cost Total costs to account for: Total costs accounted for Difference due to rounding costunit Cost Assignment and Reconciliation Cost of units transferred out Direct materials Conversion Total costs transferred out Costs of ending work in process Direct materials Conversion Total cost of ending work in process Total costs accounted for EUP Cost per EUP Total cost $ 0.00 $ 0.00 $ 0.00 0.00 Exercise 16-10A FIFO: Computing equivalent units of production LO C4 Prepare the number of equivalent units with respect to both materials used and conversion costs in the production department for April using the FIFO method. Equivalent Units of Production - FIFO Units % Materials EUP-Materials % Conversion EUP-Conversion Equivalent units of production Equivalent Units of Production (EUP)- FIFO Method EUP Conversion Units % Materials EUP-Materials % Conversion Conversion Equivalent units of production Cost per Equivalent Unit of Production Materials Costs Costs EUP EUP Total costs - Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Total Costs to Account for: Total costs to account for: Total costs accounted for Difference due to founding cost/unit Assignment of Costs to Output of Department Cost of 60.000 units from beginning inventory Beginning inventory EUP Cost per EUP Total cost Materials to complete Conversion to complete Total costs to complete Total cost of 60,000 units in beginning inventory EUP Cost per EUP Total cost Cost of units started and completed this period Direct materials Cost of 60,000 units from beginning inventory Beginning inventory EUP Cost per EUP Total cost Materials to complete Conversion to complete EUP Cost per EUP Total cost Total costs to complete Total cost of 60,000 units in beginning inventory Cost of units started and completed this period Direct materials Conversion costs Total cost of 240,000 units started and completed Total cost of 300,000 units transferred out Costs of units in ending inventory Cost per EUP Total cost EUP Direct materials Conversion costs Total cost of 82,000 units in ending inventory Total costs assigned