Compute equivalent units (process costing Step 2) (Learning Objective 2) S5-5 provided the following data for December for the first department in its pro duction line: Units MaterialsOverhead Work in process inventory, Dec. 1 Units started in process Units transferred out Work in process inventory, Dec. 31 40,000 100,000 110,000 w. 30,000 The work in process inventory on December 1 was 50% complete with respect to mater als and overhead The ending wor to materials and overhead. Complete the table above by computing the equivalent units k in process inventory was 70% complete with respect of direct materials and overhead in the department 6 Compute the equivalent units (process costing Step 2) Thestar uses the weighted-average method in its process costing system. Products are transferred from the Shaping Department to the Painting Department. Operating data for the Painting Department for the month of January are as follows: Percent with Respect 70% Units to Conversion 1,200 Beginning work in process inventory Transferred in from the prior department during April Ending work in process inventory.... 30,000 2,000 80% What were the equivalent units for conversion costs in the Painting Department in January? Summarize total costs to account for (process costing Step 3) arning Objective 3) Maclntyre Company's Work in Process Inventory account had a $68,000 beginning balance on May 1 ($43,000 of this related to direct materials used during April, while $25,000 related to conversion costs incurred during April. During May, the following costs were incurred in the department Direct materials used S103,000 s 12,000 $150,000 Direct labor Manufacturing overhead allocated to the department Summarize the department's Total costs to account for. " Prepare a schedule that summarizes the department's total costs to account for by direct materials and conversion costs Compute the cost per equivalent unit (Learning Objective 3) coh provided the following data concerning March's activity in the Fixing Department 5.8 Materials Conversion Equivalent units of production in ending work in process. Cost per equivalent unit. 1,200 $13.22 $23.50 The company uses process costing: 1,500 units were completed and transferred to the next department during the month. Compute the cost of the units transferred to the next department and the cost of the ending work in process inventory