HIT Company uses the weighted average method of process costing Information for the company's first production process follows An direct materials are added at the beginning of this process and conversion costs are added uniformly throughout the process 5 Direct Meter Percent Complete 10 Converse Percent Complete its 10 po 9.000 1001 Beginning work in process inventory Completed and transferred out Ending work in process inventory Being work in process birect waters Conversion Costed this period Direct sterials Conveni Total cotto account for 55,600 5 126, 395.000 700.000 S6 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 department's output-specifically, to the units transferred out and to the unitsin ending work in process Inventory Complete this question by entering your answers in the tabs below. gured Required Compute the valent units of production for both direct materials and conversion Ewalat nits of Production Weighted average Direct Mate Linie Pes Carpet Convention Purent EUP 5 136,366 5 07 Direct materials Coro Cet added this period Direct ateriat Conversion Total costs to account for $53.600 7.560 395,000 345,00 16.00 a. Compute the equivalent units of production for both direct materials and conversion h Compute the cost per equivalent unit for both direct materials and conversion c. Assign costs to the department's output-specifically, to the units transferred out and to the unitsin ending work in process inventory Complete this question by entering your answers in the tabs below. rences inquired A Required required As cits to the department's output-specifically, to the units transferred and to the unitsin ending work in proces inventory (Round "Cost per EU to 2 decimal places) Classinet Weighted average FUP Total cost Completed and transferred out Direct materials Conversion Towd Completed and translated out Ending work in process Oved materials Conversion Totalanding word in process Total accounted (Required B > Iz 2 - Chapters 15,16, & 18 $ 53,800 72,560 $ 126,36 5 Beginning work in process Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for 395,000 345,000 748,888 $ 866,360 nts 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 department's output-specifically, to the units transferred out and to the un inventory eBook Complete this question by entering your answers in the tabs below. References Required A Required B Required Compute the cost per equivalent unit for both direct materials and conversion. (Round "Cost per EU Cost per Equivalent Unit of Production Direct Materials Conversion Total costs Equivalent units of production Cost per equivalent unit of production
