E4-3A. Equivalent Units and Product Cost ReportWeighted Average Method In its first months operations (January 2019), Schramski Companys Department 1 incurred charges of $120,000 for direct materials (10,000 units), $29,875 for direct labor, and $58,000 for manufacturing overhead. At month-end, 9,000 units had been finished and transferred out. The remaining units were finished with respect to material but only 25% complete with respect to conversion costs.

Assuming Schramski uses the weighted average method and that materials are added at the beginning of the process and conversion costs occur evenly, compute the following:

a.) The equivalent units of materials and conversion costs.

b.) The cost per equivalent unit of materials and conversion costs.

c.) the total cost assigned to the units transferred out

d.) the total cost of assigned to the ending inventory

Schramski Company Department 1 Flow of Units and Equivalent Units Calculation January 2019 Production Where do the units come from? Where do the units go? % Work Done? Equivalent Units Direct % Work Materials Done? Conversion Costs Beginning Inventory Started Total Complete/Transferred Ending Inventory Total a. a Product Cost Report Where do the costs come from? Direct Materials Conversion Costs Beginning Inventory Current Total Costs to Account For $ | = Total Equivalent Units 0 01 Average cost / Equivalent unit Where do the costs go? Complete / Transferred: Direct Materials Conversion costs Cost of Goods Manufactured Ending Inventory Direct Materials Conversion costs Cost of Ending Inventory Total Costs Allocated d. $