N Reference: 04-17 Hurley Co, utilizes process costing in its manufacturing comparty for a product that passes through two departments. Data relating to the product processed in Department 2, during March are presented as follows: M Physical Units Direct Material Conversion Costs Costs Work in Process 10,000 $100,000 $332,500 beginning Started into 60,000 $305,000 $900,000 Processing The units in beginning work in progress were 60% complete with respect to direct materials and 70% complete with respect to conversion costs. The company had 20,000 units on hand at the end of the period which were 50% complete as to materials and 40% complete as to conversion costs. Required Type here to search A wg 9 F Fe FB A N 3 4 % 5 6 & 7 w E R T U S Direct Material Physical Units Conversion Costs Costs Work in Process, 10,000 $100,000 $332,50 beginning Started into 60,000 $305,000 $900,000 Processing The units in beginning work in progress were 60% complete with respect to direct materials and 70% complete with respect to conversion costs. The company had 20,000 units on hand at the end of the period which were 50% complete as to materials and 40% complete as to conversion costs Required: a. Prepare a quantity schedule. b. Compute the equivalent units for Department 2 according to the weighted average method of accounting for units Calculate the cost per equivalent unit using the weighted average method of costing. Round answer to two decimal places Type here to search DI La 3 W E R S D UL G H . Z X B N Alt