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Camino Pen Company uses weighted-average process costing to account for its production costs. Conversion cost is added evenly throughout the process. Direct materials are added
Camino Pen Company uses weighted-average process costing to account for its production costs. Conversion cost is added evenly throughout the process. Direct materials are added as needed throughout the process. During March, the company transferred 800,000 units of product to finished goods. At the end of March, the work in process inventory consists of 189,000 units that are 70% complete with respect to materials and 50% complete with respect to conversion. Beginning inventory had $236,970 of direct materials and $111,650 of conversion cost. The direct material cost added in March is $1,720,860, and the conversion cost added is $2,169,325. Beginning work in process consisted of 73,000 units that were 75% complete with respect to direct materials and 40% complete with respect to conversion. 916,000 units were started during the period. Requirement 1: COMMAS, NO DECIMAL AND NO PERCENT SIGN. Requirement 2: SIGN AND NO COMMAS except "Cost per EUP" which should be rounded to 2 decimal places. Materials Conversion Total Costs of production Equivalent Units of production Cost per EUP (round to 2 decimal places) Requirement 3: amounts as whole numbers with NO DOLLAR SIGN, NO COMMAS AND NO DECIMALS. Materials Conversion Amount transferred out Amount remaining in WIP \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular} Total costs assigned
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