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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

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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.
\table[[,Units,\table[[Direct],[Materials]],Conversion],[,\table[[Percent],[Complete]],\table[[Percent],[Complete]]],[Beginning work in process inventory,2,000,100%,20%
Compute cost per equivalent unit of production for both direct materials and conversion.
Assign costs to the department's output- specifically, to the units transferred out and to the units in ending work in process inventory
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