Hi-Test Company uses the weighted average method of process costing to assign production costs to its products. Information for the company's first production process September follows. Assume that all materials are added at the beginning of this production process, and that conversion costs are added uniformly throughout the process. $ 163,875 Work in process inventory, September 1 (2,500 units, 100% complete with respect to direct materials, 70% complete with respect to conversion; consists of $70, 400 of direct materials cost, $93, 475 conversion cost Costs incurred in September Direct materials Conversion Work in process inventory, September 30 (7,500 units, 100% complete with respect to direct materials, 30% complete with respect to conversion) Units started in September Units completed and transferred out $430,000 $377,000 ? 33,500 28,500 Required: Compute each of the following using the weighted average method of process costing. 1. & 2. The number of equivalent units for materials and conversion for the month. 3. & 4. The cost per equivalent unit of materials and conversion for the month. 5. The total cost of goods transferred out. 6. The total cost of ending work in process inventory. Complete this question by entering your answers in the tabs below. Required 1 and 2 Required 3 and 4 Required 5 Required 6 The number of equivalent units for materials and conversion for the month. Equivalent Units of Production (EUP) Units Materials EUP-Materials % Conversion EUP Conversion Total Rocuired and Required 3 and 4 > Hi-Test Company uses the weighted-average method of process costing to assign production costs to its products. Information fo company's first production process September follows. Assume that all materials are added at the beginning of this production process, and that conversion costs are added uniformly throughout the process. $ 163,875 Work in process inventory, September 1 (2,500 units, 100% complete with respect to direct materials, 70% complete with respect to conversion; consists of $70, 400 of direct materials cost, $ 93, 475 conversion cost Costs incurred in September Direct materials Conversion Work in process inventory, September 30 (7,500 units, 100% complete with respect to direct materials, 30% complete with respect to conversion) Units started in September Units completed and transferred out $430,000 $377,000 ? 33,500 28,500 Required: Compute each of the following using the weighted average method of process costing. 1. & 2. The number of equivalent units for materials and conversion for the month. 3. & 4. The cost per equivalent unit of materials and conversion for the month. 5. The total cost of goods transferred out. 6. The total cost of ending work in process inventory. Complete this question by entering your answers in the tabs below. Required 1 and 2 Required Required 5 Required 6 and 4 The cost per equivalent unit of materials and conversion for the month. (Round "Cost per EUP" to 2 decimal places.) Direct Materials Conversion Cost per Equivalent Unit of Production Total costs + Equivalent units of production Cost per equivalent unit of production Required 5 Required 1 and 2 Hi-Test Company uses the weighted average method of process costing to assign production costs to its products. Information for the company's first production process September follows. Assume that all materials are added at the beginning of this production process, and that conversion costs are added uniformly throughout the process. $ 163,875 k Work in process inventory, September 1 (2,500 units, 100% complete with respect to direct materials, 70# complete with respect to conversion; consists of $70, 400 of direct materials cost, $93, 475 conversion cost Costs incurred in September Direct materials Conversion Work in process inventory, September 30 (7,500 units, 100% complete with respect to direct materials, 30% complete with respect to conversion) Units started in September Units completed and transferred out $430,000 $377,000 ? 33,500 28,500 nt Required: Compute each of the following using the weighted average method of process costing. ences 1. & 2. The number of equivalent units for materials and conversion for the month. 3. & 4. The cost per equivalent unit of materials and conversion for the month. 5. The total cost of goods transferred out. 6. The total cost of ending work in process inventory. Complete this question by entering your answers in the tabs below. Required 1 and 2 Required 3 and 4 Required 5 Required 6 The total cost of goods transferred out. (Round "Cost per EUP" to 2 decimal places.) Costs Transferred Out EUP Cost per EUP Total cost Direct materials Conversion Total transferred out Required 3 and 4 Required 6 > work Hi-Test Company uses the weighted average method of process costing to assign production costs to its products. Information for the company's first production process September follows. Assume that all materials are added at the beginning of this production process, and that conversion costs are added uniformly throughout the process. $163,875 Work in process inventory, September 1 (2,500 units, 100% complete with respect to direct materials, 70% complete with respect to conversion; consists of $70, 400 of direct materials cost, $ 93, 475 conversion cost Costs incurred in September Direct materials Conversion Work in process inventory, September 30 (7,500 units, 100% complete with respect to direct materials, 308 complete with respect to conversion) Units started in September Units completed and transferred out $430,000 $377,000 ? 33,500 28,500 Required: Compute each of the following using the weighted average method of process costing. 5 1. & 2. The number of equivalent units for materials and conversion for the month. 3. & 4. The cost per equivalent unit of materials and conversion for the month. 5. The total cost of goods transferred out. 6. The total cost of ending work in process inventory. Complete this question by entering your answers in the tabs below. Required 1 and 2 Required 3 and 4 Required 5 Required 6 The total cost of ending work in process inventory. (Round "Cost per EUP" to 2 decimal places.) Costs of Ending Work in Process EUP Cost per EUP Total cost Direct materials Conversion Total cost of ending work in process