Fall 2021 Acct 305 Quiz #1 Due: 10/11/21 | Name 1. Suburbia Company manufactures a product through a continuous single-step process. All materials are added at the beginning of processing. Production and cost data for the company for February 2016 are as follows: Production data: In process, beginning of month (20% converted) Started during February Completed and transferred to finished goods In process, end of month (60% converted) 1,000 units 5,000 units 4,500 units 1,500 units Manufacturing costs: Work in process, beginning (Direct Materials $3,000; Conversion Costs: $18,360) Materials Conversion Costs added during period $21,360 $45,000 $154,440 Required: Using the Weighted Average method: Equivalent Units of Production for Direct materials Equivalent Units of Production for Conversion Costs Cost per Equivalent Unit - Direct Materials (Round to 4 decimal places) Cost per Equivalent Unit - Conversion Costs (Round to 4 decimal places) Total value of Ending Work in Process Total value of units transferred out