E4-3A. Schramski Company

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siness Publisher LO3, 4 Tempo E4-3A. Equivalent Units and Product Cost Report--Weighted Average Method In its first month's con erations (January 2019). Schramski Company's Department 1 incurred charges of $120,000 for dined 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 to materials but only 25% complete with respect to conversion costs, Assuming Schramski uses the weighted average method and that materials are added at the begin ning of the process and conversion costs occur evenly, compute the following: 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 assigned to the ending inventory. Prove that your solutions to requirements (c) and (d) sum to the total costs to be accounted for 03,4 E4-4A. Equivalent Units and Product Cost Ponout a. e. TTT Page