ANSWER ALL QUESTIONS/SECTIONS PLEASE
Hi-Test Company uses the weighted average method of process costing to assign production costs to its products. Information for company's first production process September follows. Assume that all materials are added at the beginning of this production process, and that conversion costs are added uniformly throughout the process. $185, 2ee Work in process inventory, September 1 (5,000 units, 100% complete with respect to direct materials, 80% complete with respect to conversion; consists of $65,700 of direct materials cost, $119,500 conversion cost Costs incurred in September Direct materials Conversion Work in process inventory, September 30 (10,8 units, 100% complete with respect to direct materials, 40% complete with respect to conversion) Units started in September Units completed and transferred out $ 455,000 $374, eee 36, ese 31, eee Required: Compute each of the following using the weighted-average method of process costing. 1. & 2. The number of equivalent units for materials and conversion for the month. 3. & 4. The cost per equivalent unit of materials and conversion for the month 5. The total cost of goods transferred out. 6. The total cost of ending work in process inventory Complete this question by entering your answers in the tabs below. Required 1 and 2 Required 3 and 4 Required Required 6 The number of equivalent units for materials and conversion for the month. Equivalent Units of Production (EUP) Units S. Materials EUP-Materials Conversion EUP Conversion 1 of 13 Next > $185,200 Work in process inventory, September 1 (5,eee units, ieex complete with respect to direct materials, 80% complete with respect to conversion; consists of $65,7ee of direct materials cost, $119,5ee conversion cost Costs incurred in September Direct materials Conversion Work in process inventory, September 30 (10,eee units, 100% complete with respect to direct materials, ex complete with respect to conversion) Units started in September Units completed and transferred out $455,00 $ 374, eee 36,888 31, Bee Required: Compute each of the following using the weighted-average method of process costing. 1. & 2. The number of equivalent units for materials and conversion for the month. 3. & 4. The cost per equivalent unit of materials and conversion for the month. 3. The total cost of goods transferred out. 6. The total cost of ending work in process inventory. Complete this question by entering your answers in the tabs below. Required 1 and 2 Required 3 and 4 Required Required 6 The cost per equivalent unit of materials and conversion for the month. (Round "Cost per EUD" to 2 decimal places) Cost per Equivalent Unit of Production Direct Materials Conversion - Esantunts of production Cost per equivalent unit of production $ 185,200 Work in process inventory, September 1 (5,eee units, 18% complete with respect to direct materials, 8e% complete with respect to conversion; consists of $65,700 of direct materials cost, $119,5e9 conversion cost Costs incurred in September Direct materials Conversion Work in process inventory, September 30 (10,000 units, 100% complete with respect to direct materials, 40% complete with respect to conversion) Units started in September Units completed and transferred out $455, eee $ 374,000 ? 36.ece 31, eee Required: Compute each of the following using the weighted-average method of process costing. 1. & 2. The number of equivalent units for materials and conversion for the month. 3. & 4. The cost per equivalent unit of materials and conversion for the month 5. The total cost of goods transferred out. 6. The total cost of ending work in process inventory Complete this question by entering your answers in the tabs below. Required 1 and 2 Required 3 and 4 Required 5 Required 6 The total cost of goods transferred out. (Round "Cost per EUD" to 2 decimal places.) EUP Cost per EUP Total cost Costs Transferred Out Drect mates Conversion Total transferredo 1 $ 185,200 10 el Work in process inventory, September 1 (5,690 units, 100% complete with respect to direct materials, sex complete with respect to conversion; consists of $65,788 of direct materials cost, $119,580 conversion cost Costs incurred in September Direct materials Conversion Work in process inventory, September 3e (10,eee units, 199% complete with respect to direct materials, 40% complete with respect to conversion) Units started in September Units completed and transferred out $455, eee $374, eee points 36,00 31,00e eBox Hint Required: Compute each of the following using the weighted average method of process costing. 1. & 2. The number of equivalent units for materials and conversion for the month 3. & 4. The cost per equivalent unit of materials and conversion for the month 3. The total cost of goods transferred out 6. The total cost of ending work in process inventory Print frances Complete this question by entering your answers in the tabs below. Required 1 and 2 Required 3 and 4 Required 5 Required 6 The total cost of ending work in process inventory (Round "Cost per EUP to 2 decimal places) E TUP Cost per EUP Total cost Costs of Ending Work in Process Direct Conversion Totalcat ofend ng work process
