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Midway Metal, which uses the weighted average method, produces wire baskets in two departments, Bending and Painting. The Work In Process Inventory T-account for

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Midway Metal, which uses the weighted average method, produces wire baskets in two departments, Bending and Painting. The Work In Process Inventory T-account for the Bending department is shown below. The 2,000 units in beginning work in process inventory had direct materials costs of $2,400 and conversion costs of $1,600. Also shown is unit data for the Bending department this period. Direct Materials Conversion Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Units 2,000 6,000 Percent Complete 100% Percent Complete 20 7,000 1,000 100% 60% Work in Process Inventory-Bending ($) Debit Beginning balance Direct materials Direct labor Overhead Ending balance 4,000 7,200 3,000 14,400 2 Credit ? Transferred out a. Compute equivalent units of production for both direct materials and conversion. b. Compute cost per equivalent unit of production 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 C Compute cost per equivalent unit of production for both direct materials and conversion. (Round "Cost per EUP" to 2 decimal places.) Cost per equivalent unit of production: Weighted average Total costs Direct Materials Conversion

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