Equivalent Units and Product Cost ReportWeighted Average Method

The following data (and annotations) are for the work in process account of the first of Crocker Companys four departments used in manufacturing its only product for October of 2016.

Work in Process-Department 1 Beginning balance (2,000 units, 70% complete) Direct material $15,500 Conversion costs 9,600 Transferred to department 2: (20,000 units) (a) Direct material (21,000 units) 157,500 Direct labor 145,200 Manufacturing overhead 48,300 Ending balance [ (b) units, 25% complete] (c)

Assuming that Crocker uses the weighted average method and that materials are added at the beginning of the process and conversion costs are incurred evenly throughout, solve for the three missing numbers

Round average cost per equivalent unit to four decimal places. Use rounded answers for subsequent calculations. Round other answers to the nearest whole number. Crocker Company Department 1 Equivalent Units Calculations, October 2016 Equivalent Units % Work done Direct Materials % Work Done Conversion Costs Complete/Transferred Answer Answer % Answer Answer % Answer Ending Inventory b. Answer Answer % Answer Answer % Answer Total Answer Answer Answer Product Cost Report Direct Materials Conversion Costs Beginning Inventory $Answer $Answer $Answer Current Answer Answer Answer Total Costs to Account For $Answer $Answer $Answer Total Equivalent Units Answer Answer Average cost / Equivalent unit (round 4 decimal places) $Answer $Answer Complete / Transferred: Direct Materials $Answer Conversion costs Answer Cost of Goods Manufactured $Answer a. Ending Inventory: Direct Materials $Answer Conversion costs Answer Cost of Ending Inventory $Answer c. Total Costs Allocated $Answer