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Hi - T Compsny uses the weighted oversge method of process costing. Informotion for the compony's first production process follows. All direct msterisls ore odded
HiT Compsny uses the weighted oversge method of process costing. Informotion for the compony's first production process follows.
All direct msterisls ore odded st the beginning of this process, and conversion costs ore odded uniformly throughout the process.
a Compute the equivalent units of production for both direct moterisls and conversion.
b Compute the cost per equivilent unit for both cirect msterisls ond conversion.
c Assign costs to the deportment's outputspecificolly, to the units tronsferred out ond to the units in ending work in process
inventory.
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Compute the equivalent units of production for both direct materials and conversion.
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