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Managerial Accounting: Question posted through in screenshot. Question 2 Saint Bernard. Inc. manufactures one product and utilizes the weighted average process cost accounting system with

Managerial Accounting: Question posted through in screenshot.

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Question 2 Saint Bernard. Inc. manufactures one product and utilizes the weighted average process cost accounting system with three consecutive processes: mixing and cooking and packaging. Materials are added at the beginning of each process. Conversion costs are incurred uniformly during the period in each process. Production data for the cooking process forJanuary is as follows: Beg. WIP units 5,000 {80% complete materials, 40% complete conversion) Units Started 1 1,000 End. WIP units 4,000 (25% complete as to conversion} Costs: Materials Conversion Beg. WIP $20,500 $15,500 Costs incurred in January 44,000 63,000 1. Determine the equivalent units of production for materials. (2 points} 2. Determine the equivalent units of production for conversion. {3 points) 3. Determine the cost per equivalent unit for materials in the Cooking process. (3 points) 4. Determine the cost per equivalent unit for conversion in the Cooking process. (3 points) 5. Determine the total cost ofthe units completed in the Cooking process and transferred to the next department during January. (4 point} 6. Determine the cost ofthE work in process in the Cooking process at the end of January. [6 points) 7. Reconcile Costs to Account For to Costs Ancounted For (4 points)

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