IAC103 Ch9 Homework 1. Miller Company manufactures a product for which materials are added at the beginning of the manufacturing process. A review of the company's inventory and cost records for the most recently completed year revealed the following information: Units Materials Conversion $157.500 100.000 $100.000 500.000 Work in process. Jan 1180. complete with respect to conversion costs)... Linits started into production. Costs added during the year Materials Conversion Units completed during the year. $650,000 $997.500 450.000 The company uses the weighted average cost method in its process costing system. The ending inventory is 50% complete with respect to conversion costs. Required: a. Compute the equivalent units of production and the cost per equivalent units for materials and for conversion costs. b. Determine the cost transferred to finished goods. c. Determine the amount of cost that should be assigned to the ending work in process inventory. muran method in its process costing system. The 2. Auger Inc. uses the weighted-average method in its process costing system. The following data concern the operations of the company's first processing department for a recent month. 700 80" 30 Work in process, beginning Units in process Percent complete with respect to materials Percent complete with respect to conversion Costs in the beginning inventory Materials cost Conversion cost Units started into production during the month Units completed and transferred out Costs added to production during the month: Materials cost Conversion cost Work in process, ending Units in process Percent complete with respect to materials Percent complete with respect to conversion S1.904 58,624 29.000 28.800 S10-4.044 $875.266 900 70 20 Required: a. Determine the equivalent units of production. b. Determine the costs per equivalent unit. c. Determine the cost of ending work in process inventory. d. Determine the cost of the units transferred to the next department