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ect HW#7 i Saved Midway Metal, which uses the weighted average method, produces wire baskets in two departments, Bending and Painting. The Work in
ect HW#7 i Saved Midway Metal, which uses the weighted average method, produces wire baskets in two departments, Bending and Painting. The Work in Process Inventory T-account for the Bending department is shown below. The 2,600 units in beginning work in process inventory had direct materials costs of $3,000 and conversion costs of $2,200. Also shown is unit data for the Bending department this period. Direct Materials Conversion 2:42 Beginning work in process inventory 2,600 Percent Percent Units Complete Complete 100% 20% ok Units started this period 6,600 Completed and transferred 7,600 out Ending work in process nt 1,600 100% 70% inventory Work in Process Inventory-Bending ($) ence Debit Credit Beginning 5,200 ? Transferred out balance Direct 8,500 materials Conversion 17,420 Ending balance a. Compute equivalent units of production for both direct materials and conversion. b. Compute cost per equivalent unit of production for both direct materials and conversion. c. Assign costs to the department's output-specifically, to the units transferred out and to the units in ending work in process inventory. Complete this question by entering your answers in the tabs below. Required Required Required A B Compute equivalent units of production for both direct materials and conversion. Equivalent units of production: Weighted average Units Direct Materials Percent Complete Conversion EUP Percent Complete EUP Total < Required A Required B >
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