A 1 B C XYZ D E F Your score G H 0% Name: Xyz Company uses the weighted average method of process costing. It had 40,000 units in beginning inventory, which were 70% complete as to materials and 80% complete as to conversion. During the month, it started 110,000 units. At the end of the month, 32,000 units were in inventory, which were 65% complete as to materials and 60% 3 complete as to conversion. Cost information is as follows: 4 9 10 Beginning work in process inventory: 11 Direct materials costs $158,200 12 Conversion costs 193,600 13 Total beginning inventory cost $351,800 14 Costs added during the month 15 Direct materials costs 632,960 16 Conversion costs 629,600 17 Total costs added during the month 1262.560 18 Total production costs $1,614,360 19 20 Units Materials % onversion % 21 Beginning Inventory 40,000 70% 80% 22 Units Started 110,000 23 Ending Inventory 32,000 65% 60% 24 25 26 27 Equivalent Units of Production Direct materials Conversion 28 29 Equivalent units completed and transferred out Equivalent units for ending work in process 30 Total equivalent units of production 31 Cost per Equivalent Unit of Production Direct materials Conversion 32 33 Costs of beginning work in process inventory Costs added during month 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 Total costs Equivalent Units of Production Cost per equivalent unit of production Assign and reconcile costs Cost of units completed and transferred out Direct materials Conversion Total cost of units completed this period Cost of units in ending inventory Direct materials Conversion Total cost of units completed this period Total costs accounted for 51 52 1 Instructions