During April, the first production department of a process manufacturing system completed its work on 415,000 units of a product and transferred them to the next department. Of these transferred units, 83,000 were in process in the production department at the beginning of April and 332,000 were started and completed in April. April's beginning inventory units were 75% complete with respect to materials and 25% complete with respect to conversion. At the end of April, 105,000 additional units were in process in the production department and were 90% complete with respect to materials and 40% complete with respect to conversion.
Part 1 of 4 Required Information [The following information applies to the questions displayed below.) During April, the first production department of a process manufacturing system completed its work on 415,000 units of a product and transferred them to the next department Of these transferred units, 83,000 were in process in the production department at the beginning of April and 332,000 were started and completed in April. April's beginning Inventory units were 75% complete with respect to materials and 25% complete with respect to conversion. At the end of April, 105,000 additional units were in process in the production department and were 90% complete with respect to materials and 40% complete with respect to conversion. 3 points eBook . Compute the number of equivalent units with respect to both materials used and conversion used in the first production department for April using the welghted-average method. Hint Equivalent Units of Production - Weighted Average Units % Materials EUPMaterials Print % Conversion EUP_Conversion Total Part 2 of 4 3 points (The following information applies to the questions displayed below.] During April, the first production department of a process manufacturing system completed its work on 415,000 units of a product and transferred them to the next department. Of these transferred units, 83.000 were in process in the production department at the beginning of April and 332,000 were started and completed in April. April's beginning Inventory units were 75% complete with respect to materials and 25% complete with respect to conversion. At the end of April, 105,000 additional units were in process in the production department and were 90% complete with respect to materials and 40% complete with respect to conversion eBook Hint The production department had $1.529,595 of direct materials and $1,012,100 of conversion costs charged to it during April. Also, its April beginning Inventory of $292,655 consists of $253.655 of direct materials cost and $39,000 of conversion costs. 1. Compute the direct materials cost per equivalent unit for April. (Round "Cost per EUP" to 2 decimal places.) 2 Compute the conversion cost per equivalent unit for April. (Round "Cost per EUP" to 2 decimal places.) 3. Using the weighted-average method, assign April's costs to the department's output-specifically, its units transferred to the next department and its ending work in process inventory. (Round "Cost per EUP" to 2 decimal places.) Print Required 1. and 2 Equivalent Units of Production (EUP)-Weighted Average Method Units % Materials EUPMaterials % Conversion EUP-Conversion Equivalent units of production Cost per Equivalent Unit of Production Materials Conversion Costs Costs EUP EUP Total costs - Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Total Costs to Account for: 0 0 Total costs to account for: $ 0.00 Total costs accounted for Difference due to rounding cost/unit $ 0.00 Required 3. Cost Assignment and Reconciliation Cost of units transferred out EUP Cost per EUP Total cost Direct materials Conversion Total costs transferred out Costs of ending work in process Direct materials EUP Cost per EUP Total cost 0.00 $ 0.00 $ 0.00 0.00 Conversion Total cost of ending work in process Total costs accounted for Part 3 of 4 3 points [The following information applies to the questions displayed below.] During April, the first production department of a process manufacturing system completed its work on 415,000 units of a product and transferred them to the next department of these transferred units, 83,000 were in process in the production department at the beginning of April and 332,000 were started and completed in April. April's beginning Inventory units were 75% complete with respect to materials and 25% complete with respect to conversion. At the end of April, 105,000 additional units were in process in the production department and were 90% complete with respect to materials and 40% complete with respect to conversion. eBook 100 Prepare the number of equivalent units with respect to both materials and conversion costs in the production department for April using the FIFO method. Hint Print Equivalent Units of Production - FIFO Units % Materials EUP-Materials % Conversion EUP-Conversion Equivalent units of production ted its Part 4 of 4 ring AB or a process man system con product and transferred them to the next department. Of these transferred units. 83.000 were in process in the production department at the beginning of April and 332,000 were started and completed in April. April's beginning inventory units were 75% complete with respect to materials and 25% complete with respect to conversion. At the end of April, 105,000 additional units were in process in the production department and were 90% complete with respect to materials and 40% complete with respect to conversion 3 points eBook The production department had $1.529.595 of direct materials and $1,012,100 of conversion costs charged to it during April. Also, its beginning inventory of $292.655 consists of $253.655 of direct materials cost and $39.000 of conversion costs. 1. Compute the direct materials cost per equivalent unit for April. (Round "Cost per EUP" to 2 decimal places.) 2. Compute the conversion cost per equivalent unit for April. (Round "Cost per EUP" to 2 decimal places.) 3. Using the FIFO method, assign April's costs to the department's output-specifically, its units transferred to the next department and its ending work in process inventory. (Round "Cost per EUP" to 2 decimal places.) Hint Required 1. and 2. Equivalent Units of Production (EUP)- FIFO Method Print Units % Materials EUP-Materials % Conversion EUP-Conversion Equivalent units of production Cost per Equivalent Unit of Production Materials Conversion Costs Costs EUP EUP Total costs - Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Total Costs to Account for: Total costs to account for: Total costs accounted for Difference due to rounding costunit Required 3. Assignment of Costs to Output of Department Cost of 83.000 units from beginning inventory Beginning inventory EUP Cost per Total cost EUP Materials to complete Conversion to complete Total costs to complete Part 4 of 4 Equivalent units of production Cost per Equivalent Unit of Production Materials Conversion 3 points Costs Costs EUP EUP Total costs = Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Total Costs to Account for: eBook Hint Print Total costs to account for: Total costs accounted for Difference due to rounding cost/unit Required 3. Assignment of Costs to Output of Department Cost of 83.000 units from beginning inventory Beginning inventory Cost per EUP Total cost EUP EUP Materials to complete Conversion to complete Total costs to complete Total cost of 83,000 units in beginning inventory Cost of units started and completed this period Direct materials Conversion costs Total cost of 332,000 units started and completed Total cost of 415.000 units transferred out Costs of units in ending inventory Cost per EUP Total cost EUP Cost per EUP Total cost Direct materials Conversion costs Total cost of 105,000 units in ending inventory Total costs assigned
