FIVE STA Introduction to Managerial Accounting (Acct 202.02) Process Costing Problem Assignment Points Assigned: 15. Consumer Food Processing Company had the following information pertaining to its operations. Units in beginning work in process Units started into production Units in ending work in process 40,000 6,000 Percentage of completion in ending work in process: Conversion costs Materials 40% 100% Costs incurred are as follows: Direct Materials Direct labor Factory Overhead $72,000 $164,800 $184,000 Instructions: Use the weighted average method. 1. Compute equivalent units of production for materials and for conversion costs. 2. Determine the total unit cost of production 3. Show the assignment of costs to units completed and transferred out 4. Show the assignment of costs to units in the ending work in process