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Answer all parts. I will give like/thumbs up for correct answer! Thank you for your help! costs are added evenly during the process. Mode uses
Answer all parts. I will give like/thumbs up for correct answer! Thank you for your help!
costs are added evenly during the process. Mode uses the weighted-average method of process costing. The following information for June 2017 is available. (Click the icon to view the information.) Read the Requirement 2. Summarize the total costs to account for, and calculate the cost per equivalent unit for transferred-in costs, direct materials, and conversion costs. Begin by summarizing the total costs to account for. (Enter a "0" for any zero balances.) Calculate the cost per equivalent unit for transferred-in costs, direct materials and conversion costs. (Round your answers to the nearest cent.) Requirement 1. Calculate equivalent units of transferred-in costs, direct materials, and conversion costs. (Enter a "0" for any zero balances.) \begin{tabular}{|c|c|c|c|c|} \hline & \multirow[b]{2}{*}{PhysicalUnits(tons)} & \multicolumn{3}{|c|}{ Equivalent Units } \\ \hline & & Transferred-InCosts & DirectMaterials & ConversionCosts \\ \hline Work in process, beginning inventory (June 1) & 75 & & & \\ \hline TransferredinduringJuneToaccountfor & 160 & & & \\ \hline Completed and transferred out during June & 155 & & & \\ \hline Work in process, ending inventory (June 30) & 80 & & & \\ \hline Accounted for & & & & \\ \hline Equivalent units work done to date & & & & \\ \hline \end{tabular} Requirement 3. Assign costs to units completed (and transferred out) and to units in ending work in process. (Enter a "0" for any zero balances. Round your answers to the nearest whole dollar.) \begin{tabular}{llll} & \multicolumn{1}{c}{ Total } & Transferred-In & \multicolumn{1}{c}{ Direct } \\ Production Costs & Costs & Materials & Conversion \\ \hline Assignment of costs: & \\ Completed and transferred out & \\ Work in process, ending & \end{tabular} Data tableStep by Step Solution
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