Heckenluber, Inc. uses a process cost accounting system. Materials are added at the beginning of the process. Direct labor and overhead are incurred evenly throughout the process. Using the following operating and cost data occurred during the year, solving for Equivalent Units (EU's), Cost/EU, and Allocated Cost for Direct Materials and Converson Cost. Complete the process cost summary using the WEIGHTED AVE METHOD (3O pts),
	JAN 1 INVENTORY:	30,000	UNITS
		100% COMPLETE FOR MATERIALS ($60,000)
		50% COMPLETE FOR DL ($7,500) and OH ($15,000)
	DEC 31 INVENTORY:	20,000	UNITS
		100% COMPLETE FOR MATERIALS ($60,000)
		30% COMPLETE FOR DL and OH
	UNITS STARTED DURING THE YR:	40,000	UNITS	DM:	$ 110,000
				DL:	$ 28,900
				OH:	$ 57,800

% Added-Prior Period

Cost

Assembly Department

Units

DM

Conversion

DM

Conversion

Total

Beginning WIP

30,000

100%

50%

$ 60,000

$ 22,500

$ 82,500

This period

40,000

$ 110,000

$ 86,700

$ 196,700

To be accounted for

70,000

$ 170,000

$ 109,200

$ 279,200

Units transferred out

% Added This Period

Alloc Cost to Units

Beginning units - prior period

Beginning units - added this period

30,000

Added this period

TOTAL units transferrd out

50,000

100%

100%

$ 152,000

$ 97,500

$ 249,500

Ending work in process

20,000

30%

$ 18,240

$ 11,700

$ 29,940

Accounted for

70,000

$ 170,240

$ 109,200

$ 279,440

Weighted Average Calculations

DIRECT MATERIALS: Total to Account For:

$ 170,000

$ 170,000

Units transferred out

% Added

# EUP

$/EUP

Alloc Cost

Total Cost

Beginning units - prior period

Beginning units

Added this period

TOTAL units transferrd out

50,000

100%

50,000

152,000

Ending work in process

20,000

18,240

Accounted for

70,000

$ -

$ 170,240

Total Cost to date

$ 170,000

DM

Conversion

Total

Total EU's

CONVERSION: Total to Account For:

$ 109,200

$ 109,200

Units transferred out

% Added

# EUP

$/EUP

Alloc Cost

Total Cost

Added this period

Beginning units

Added this period

TOTAL units transferrd out

50,000

100%

50,000

$1.95

$ 97,500

97,500

Ending work in process

20,000

30%

6,000

$1.95

$ 11,700

11,700

Accounted for

70,000

56,000

$ 109,200

$ 109,200

Total Cost to date

$ 109,200

DM

Conversion

Total

Total EU's

56,000

			% Added-Prior Period			Cost
	Assembly Department	Units	DM	Conversion		DM	Conversion	Total
	Beginning WIP	30,000	100%	50%		$ 60,000	$ 22,500	$ 82,500
	This period	40,000				$ 110,000	$ 86,700	$ 196,700
	To be accounted for	70,000				$ 170,000	$ 109,200	$ 279,200
	Units transferred out		% Added This Period			Alloc Cost to Units
	Beginning units - prior period
	Beginning units - added this period	30,000
	Added this period
	TOTAL units transferrd out	50,000	100%	100%		$ 152,000	$ 97,500	$ 249,500
	Ending work in process	20,000		30%		$ 18,240	$ 11,700	$ 29,940
	Accounted for	70,000				$ 170,240	$ 109,200	$ 279,440
	Weighted Average Calculations
	DIRECT MATERIALS: Total to Account For:					$ 170,000		$ 170,000
	Units transferred out		% Added	# EUP	$/EUP	Alloc Cost		Total Cost
	Beginning units - prior period
	Beginning units
	Added this period
	TOTAL units transferrd out	50,000	100%	50,000				152,000
	Ending work in process	20,000						18,240
	Accounted for	70,000				$ -		$ 170,240
				Total Cost to date	$ 170,000	DM	Conversion	Total
				Total EU's
	CONVERSION: Total to Account For:						$ 109,200	$ 109,200
	Units transferred out		% Added	# EUP	$/EUP		Alloc Cost	Total Cost
	Added this period
	Beginning units
	Added this period
	TOTAL units transferrd out	50,000	100%	50,000	$1.95		$ 97,500	97,500
	Ending work in process	20,000	30%	6,000	$1.95		$ 11,700	11,700
	Accounted for	70,000		56,000			$ 109,200	$ 109,200
				Total Cost to date	$ 109,200	DM	Conversion	Total
				Total EU's	56,000