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5 points eBook Print References Kramer Corp. began the current period with 4,040 units in process that were 100% complete as to materials and 60%
5 points eBook Print References Kramer Corp. began the current period with 4,040 units in process that were 100% complete as to materials and 60% complete as to conversion. Costs of $7,630 in direct materials and $4,780 in conversion costs were incurred in manufacturing those units in the previous period. Kramer ended the current period with 21,800 units completed and 5,030 units still in process. Work in process was 100% complete as to materials and 70% complete as to conversion costs. Kramer incurred $69,000 in direct materials costs, $7,100 in direct labor costs, and $40,300 in manufacturing overhead costs during the period. Required: a. Using the weighted average method, compute the equivalent units of production for materials. Equivalent Units 26,830 b. Using the weighted average method, compute the equivalent units of production for conversion. Equivalent Units 25,321 5 points eBook Print References e. Using the weighted average method, compute the cost assigned to ending Work in Process Inventory. (Round your intermediate calculations to 2 decimal places and final answer to the nearest whole dollar amount.) Cost Assigned Mc f. Using the weighted average method, compute the cost assigned to goods completed and transferred out. (Round your intermediate calculations to 2 decimal places and final answer to the nearest whole dollar amount.) Cost Assigned
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