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 Allred 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.

Schramski Company Equivalent Units Calculations, January 2019 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 ( Product Cost Report Where do the costs come from? Total Direct Materials Conversion Costs Beginning Inventory Current Total Costs to Account For $ = Total Equivalent Units Average cost / Equivalent unit b. Please provide your answer by fillig in each box