A B C D E F G H HI-T Company uses the weighted average method of process costing. Information for the company's first production process follows. All direct materials are added at the beginning of this process, and conversion costs are added uniformly throughout the process. Direct Materials Conversion Percent Percent Units Complete Complete Beginning work in process inventory 2,000 100% Completed and transferred out 23,000 100% 100% Ending work in process inventory 100%% 10 11 Beginning work in process 12 Direct materials $45,000 13 Conversion 56,320 $101,320 14 Costs added this period 15 Direct materials 375,000 16 Conversion 341,000 716,000 17 Total costs to account for $817,320 18 19 Required: 20 a. Compute the equivalent units of production for both direct materials and conversion. 21 (Use cells AS to D17 from the given inform to complete this question 23 24 Equivalent Units of Production: Weighted average 25 Direct Materials Percent Percent 26 Units Complete EUP Complete FUP Completed and transferred out 28 Ending work in process 29 Tota 30 + 31 b. Compute the cost per equivalent unit for both direct materials and conversion. 32 (Round "Cost per EUP" to Z decimal places.) 33 34 (Use cells AS to D17 from the given information to complete this question.) 35 36 er Equivalent Unit of Production Direct Materials Conversion 37 38 39 Total costs 40 + Equivalent units of production 41 Cost per equivalent unit of production 47 43 C. Assign costs to the department's output-specifically, to the units transferred out and to the units in ending work in process inventory. 44 (Round "Cost per EUP" to 2 decimal places.) 45 46 (Use cells AS to D17 from the given information to complete this question.) 47 48 Cost assi ted average Cost per EUP Total cost 49 EUP 50 Completed and transferred out 51 Direct materials Conversion 53 Total completed and transferred out 54 Ending work in process 55 Direct materials $0.00 Conversion $0.00 56 57 Total ending work in process 58 Total costs accounted for