During January, the production department of a process operations system completed and transferred to finished goods a total of 59,000 units. At the end of January, 12,000 additional units were in process in the production department and were 45% complete with respect to conversion. The beginning inventory included conversion cost of $39,200 and the production department incurred conversion costs of $311,100 during January. Compute the cost per equivalent unit for conversion for the department using the weighted-average method. Multiple Choice $5.94. $5.27. $4.83. O O An ice cream manufacturer makes ice cream in two processes, Mixing and Packaging. During April, its first month of business, the Packaging department transferred 201,000 units and $502,500 of production costs to finished goods. The company completed and sold 193,000 units at a price of $4.00 per unit in April. What is the total gross profit on ice cream sales for April. Multiple Choice $482,500 $289,500. $772,000. Following is a partial production cost report for Mitchell Manufacturing's Canning Department. Equivalent units of production (EUP) Direct Materials Percent Percent Units Complete EUP Complete Completed and transferred out 40,000 100% 40,000 100% Ending Work in Process 18,000 100% 18,000 60% 58,000 Cost per EUP Direct Materials Cost of beginning work in process $ 42,300 Costs added this period 141,700 Total costs $ 184,000 %EUP from part (a) 58,000 Cost per EUP $ 3.17 per EUP The total direct materials costs transferred out of the Canning department equals: Conversation $ 62,200 190,600 $ 252,800 50,800 Conversion $ 4.98 per EUP EUP 40,000 10,800 50,800 $126,800. $161,036. $184,000. $183,860. $199,200. Following is a partial production cost report for Mitchell Manufacturing's Canning department. Equivalent units of production (EUP) Direct Materials Percent Units Complete EUP Completed and transferred out 56,000 100% 56,000 Ending Work in Process 15,000 100% 15,000 71,000 Cost per EUP Direct Materials Cost of beginning work in process $ 40,800 Costs added this period 136,900 Total costs $ 177,700 + Equivalent units of production 71,000 Cost per EUP $ 2.50 per EUP The total conversion costs transferred out of the Canning department equals: Conversion $ 60,100 184,300 $ 244,400 66,500 Conversion Percent Complete 100% 80% $3.68 per EUP EUP 56,000 10,500 66,500 O O O $244,720. $244,400. $184,300. $177,700. $206,080