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I just need help with the equivalent units of production and costs per equivalent 3. (40 Points) Feathers, Inc. uses a process costing system. The

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I just need help with the equivalent units of production and costs per equivalent

3. (40 Points) Feathers, Inc. uses a process costing system. The hers, Ine uses a process conting system. The following operating and cost data occurred during October October 1. Inventory: 30,000 units 100% complete for materials K$60,000) and 50% complete for direct labor ($7,500) and overhead ($15,000) October 31, Inventory: 20,000 units 100% complete for materials and 30% complete for direct labor and overhead Units started during Oct.: 40,000 units October production costs: Direct materials Direct labor Overhead $110,100 28.900 57.800 Materials are added at the beginning of the process. Direct labor and overhead are incurred evenly throughout the process. Prepare the October process cost summary assuming the weighted average method of inventory costing. Answer: Costs charged to Production Costs of beginning Work in Process Direct materials Direct labor Factory Overhead Costs incurred this period Direct materials Direct labor Factory overhead Total costs to be accounted for Unit Cost Information Units to Account For Beginning Work in Process Units started this period Total units to account for Units Accounted For Completed & transferred out Ending Work in Process Total units accounted for Direct Direct Materials Labor Factory Overhead Equivalent Units of Production Units completed and transferred out Units of ending Work in Process Direct materials Direct labor Factory overhead Total Direct Direct Materials Labor Factory Overhead Cost per Equivalent Unit of Production Costs of beginning Work in Process Costs incurred this period Total costs EUP Cost per EUP Direct Direct Materials Labor Factory Overhead Cost Assignment and Reconciliation Costs transferred out Direct materials Direct labor Factory Overhead Total transferred out Costs of ending Work in Process Direct materials Direct labor Factory overhead Total ending Work in Process Total costs accounted for

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