EUP; cost per EUP; cost assignment; WA & FIFO Found Sound mass-produces miniature speakers for personal sound systems. The following cost information is available for June: Beginning inventory direct material cost $9,093.04 Beginning inventory conversion cost 1,920.82 Direct material issued during June 138,441.60 Direct labor incurred during June 28,754.00 Overhead applied during June 22,783.20 On June 1, the company had 1,000 units in process, which were 60 percent complete as to material and 30 percent complete as to conversion. Found Sound started 8,400 units into process during June and had 300 units still in process on June 30. The ending WIP units were 80 percent complete as to material and 70 percent complete as to conversion. a. Compute the unit costs for June under the weighted average method for direct material and for conversion. Note: Round your answers to two decimal places (i.e. round $4.355 to $4.36). Material cost per EUP $ 15.8 Conversion cost per EUP $ 5.74 b. Determine the cost transferred out for June using the weighted average method. Note: Use the rounded rates from part (a) in your calculations. Note: Display your answer below showing two decimal places. $ 195,977.6 G g. Prepare the entries for the direct material, direct labor, and overhead cost assigned to production during June as well as the transfer of the completed goods during June using the weighted average method. Note: Round amounts to the nearest whole dollar. Account Debit Credit 0 X 0 0 0 x 0 x 0 O 0 X WIP Inventory RM Inventory To record the direct materials issued WIP Inventory Wages Payable (or Cash) To record labor costs WIP Inventory Factory Overhead Control To record applied overhead FG Inventory WIP Inventory To record the transfer of completed goods