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Hi-T Company uses the weighted average method of process costing. Information for the companys first production process follows. All direct materials are added at the

Hi-T Company uses the weighted average method of process costing. Information for the companys first production process follows. All direct materials are added at the beginning of this process, and conversion costs are added uniformly throughout the process.

a. Compute the equivalent units of production for both direct materials and conversion. b. Compute the cost per equivalent unit for both direct materials and conversion. c. Assign costs to the departments outputspecifically, to the units transferred out and to the units in ending work in process inventory.image text in transcribedimage text in transcribedimage text in transcribed

II-T Company uses the weighted average method of process costing. Information for the company's first production process follows Il direct materlals are added at the beginning of this process, and conversion costs are added unlformly throughout the process. Compute the equlvalent units of production for both direct materlals and conversion. . Compute the cost per equlvalent unit for both direct materlals and conversion. Assign costs to the department's output-speclically, to the units transferred out and to the units in ending work in process iventory. Complete this question by entering your answers in the tabs below. Compute the equivalent units of production for both direct materials and conversion. Assign costs to the department's output-specifically, to the units transferred out and to the units in ending work in process inventory. (Round "Cost per EUP" to 2 decimal places.) Assign costs to the department's output-specifically, to the units transferred out and to the units in ending work in process inventory. (Round "Cost per EUP" to 2 decimal places.)

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