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Happy Toddler produces goods that go through two or more processes using the weighted average method to calculate unit costs. During April, per equivalent unit

Happy Toddler produces goods that go through two or more processes using the weighted average method to calculate unit costs. During April, per equivalent unit is calculated as follows: SEE PICTURE. The cost per unit is calculated as follows: Materials $0.50, Conversion Fee$0.25,Total$0.75, Requested:

a. Determine the cost of ending work-in-process inventory and the cost of goods transferred out.

b. Prepare a physical report, if possible.

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matenal Conversion 5000 E Finished good 5000 ENDING WIP 3000 x 0% 3000 x 708 2.100 7000 init atput equivalent 5000 cost per init matenal $0.50 conversion cost $0.25 TOTAL $6.75 thatenal & Finished good sooo (crversen sovo ENDING WIP 3000 x 0% 3000 x 70% 2.100 inst atat equrarent 5000 700d cost per unit Materal $ 0.50 conversion cos $ $0.25 TOTAL $0.75 03

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