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HI-T Company uses the weighted average method of process costing Information for the company's 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 company's first production process follows All direct materials are added at the beginning of this process, and conversion costs are added uniformly throughout the process. Direct Materials Percent Completo 1001 Units 6.000 32,000 11,000 Conversion Percent Complete BON 1001 408 Beginning work in process Inventory Completed and transferred out Ending work in process inventory Beginning work in process Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for $ 89,700 144,520 $ 234,220 465,000 376.000 141,000 5.1,075,220 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 units in ending work in process Inventory 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 units in ending work in process inventory Complete this question by entering your answers in the tabs below. Required A Required B Required Compute the equivalent units of production for both direct materials and conversion Equivalent Units of Production: Weighted average Direct Materials Units Percent Completo EUP Conversion Percent EUP Complete Total Required B > Complete this question by entering your answers in the tabs below. Required A Required B Required Compute the cost per equivalent unit for both direct materials and conversion (Round "Cost per EUP" to 2 decimal places.) Cost per Equivalent Unit of Production Direct Materials Conversion Total costs Equivalent units of production Cost per equivalent unit of production Complete this question by entering your answers in the tabs below. Required A Required B Required 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.) Cost assignment-Weighted average EUP Cost per EUP Total cost Completed and transferred out Direct materials Conversion Total Completed and transferred out Ending work in process Direct materials Conversion Total ending work in process Total costs accounted for $
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