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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

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed 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 $1,600. Also shown is unit data for the Bending department this period. Direct Materials Conversion Percent Percent Units Complete Beginning work in process inventory Units started this period 2,000 100% Complete 20% 6,000 Completed and transferred out 7,000 1,000 100% 60% Ending work in process inventory Work in Process Inventory-Bending ($) Debit Beginning balance. Direct materials Direct labor 4,000 7,200 Credit ? Transferred out Overhead Ending balance 3,000 14,400 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. ints process inventory. Complete this question by entering your answers in the tabs below. Book Print Required A Required B Required C ferences Compute equivalent units of production for both direct materials and conversion. Completed and transferred out Ending work in process Equivalent units of production: Weighted average Direct Materials Conversion Units Percent Complete Percent EUP EUP Complete 8,400 100% 8,400 100% 8,400 2.400 100% 2,400 60% 1,440 10,800 9,840 Respited A Required B > vipiste uns qu eBook Print Required A Required B Required C References 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 Costs of beginning work in process Total costs Equivalent units of production Cost per equivalent unit of production. Direct Materials $ 3,800 Conversion 20 points Required A Required B Required C Assign costs to the department's output-specifically, to the units transferred out and to the units in ending work in process inventory. (Round "Cost per EUP" to 2 decimal places.) eBook Cost assignment-Weighted average EUP Cost per EUP Total cost Print Completed and transferred out References Direct materials Conversion Ending work in process Direct materials Conversion Total costs accounted for $ 0

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