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Calculate equivalent units and cost per equivalent unit using the weighted average method. Production Department Details Units Started Units Completed Ending Work in Process Direct

Calculate equivalent units and cost per equivalent unit using the weighted average method.

Production Department Details

Units Started

Units Completed

Ending Work in Process

Direct Materials ($)

Conversion Costs ($)

Period Costs

20,000

18,000

2,000

$40,000

$60,000

Requirements:

Calculate equivalent units of production for direct materials and conversion costs.

Determine the cost per equivalent unit for direct materials and conversion costs.

Prepare a cost reconciliation report for the production department.

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