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During April, the first production department of a process manufacturing system completed its work on 320,000 units of a product and transferred them to the
During April, the first production department of a process manufacturing system completed its work on 320,000 units of a product and transferred them to the next department...
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 320,000 units of a product and transferred them to the next department of these transferred units, 64,000 were in process in the production department at the beginning of April and 256,000 were started and completed in April. April's beginning inventory units were 80% complete with respect to materials and 20% complete with respect to conversion. At the end of April, 86,000 additional units were in process in the production department and were 85% complete with respect to materials and 35% complete with respect to conversion. The production department had $868,426 of direct materials and $755,552 of conversion costs charged to it during April. Also, its beginning inventory of $148,647 consists of $133,979 of direct materials cost and $14,668 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.) Help Save & Ext Submit 0 Check my work 3. Using the HF method, assign Apni'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.) Required 1. and 2 Equivalent Units of Production (EUP)- FIFO Method Units % Materials EUP-Materials % Conversion EUP-Conve Units to complete beginning work in process Units in ending work in process 0 Materials Converse Equivalent units of production Cost per Equivalent Unit of Production Costs incurred this period Total costs Costs EUP Costs EUP 0 0 - Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Total Costs to Account for Total costs to abbount for S 0.00 Total costs accounted for Difference due to rounding costu $ 0.00 Required 3. Assignment of costs to Outpun of Department Cost of 64,000 units from beginning inventory Beginning inventory EUP Cost per EUP Total cost Materials to complete Conversion to complete Total costs to complete $ 0.00 Total cost of 64.000 units in beginning inventory EUP Cost of units started and completed this period Cost per Total cost EUP $ 0.00 $ 0.00 Direct materials $ 0.00 0.00 Conversion costs Total cost of 250.000 units started and completed Total cost of 320.000 units transferred out EUP Cost per Total cost Costs of units in ending inventory $ EUP $ 0.00 S 0:00 0.00 Direct materials 0.00 Conversion costs Total cost of 88,000 units in ending inventory Total costs assigned Step by Step Solution
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