Nonuniform Inputs, Weighted Average Ming Inc. had the following production and cost information for its blending department during February (with materials added at the beginning of the process): Production: Units in process, February 1, 50% complete with respect to conversion 2,000 Units completed 13,040 Units in process, February 28, 60% complete 2,400 Costs: Work in process, February1: Materials $16,000 Conversion costs 12,000 Total $28,000 Current costs: Materials $50,000 Conversion costs 84,000 Total $134,000 Ming uses the weighted average method. Required: 1. Prepare an equivalent units schedule. Ming Inc. Schedule of Equivalent Units (Weighted Average Method) Materials Conversion Units completed 13,040 Add: Units in ending WIP x Percent complete % % Equivalent units of output Feedback Depending on the process, different percentage completion figures for manufacturing inputs are used in the calculation of equivalent units. Note that materials are added at the beginning of the process so there will be a different completion percentage for materials and conversion costs. Typically, conversion costs are added uniformly and materials are added at discrete points in the production process. Materials added at the beginning are 100% complete and materials added at the end are 0% complete. Review the "How to Calculate Equivalent Units, Unit Costs, and Valuing Inventories with Nonuniform Inputs" example in your text. 2. Calculate the unit cost. Round final answer to the nearest cent. $ per unit 3. Calculate the cost of units transferred out and the cost of EWIP. Using your rounded answer from #2, round your final answers to the nearest dollar. Cost transferred out $ Cost of ending work in process $

1. Prepare an equivalent units schedule. Ming Inc. Schedule of Equivalent Units (Weighted Average Method) Materials Conversion Units completed 13,040 Add: Units in ending WIP X Percent complete % X % Equivalent units of output Feedback Check My Work Depending on the process, different percentage completion figures for manufacturing inputs are used in the calculation of equivalent units. Note that materials are added at the beginning of the process so there will be a different completion percentage for materials and conversion costs. Typically, conversion costs are added uniformly and materials are added at discrete points in the production process. Materials added at the beginning are 100% complete and materials added at the end are 0% complete. Review the "How to Calculate Equivalent Units, Unit Costs, and Valuing Inventories with Nonuniform Inputs" example in your text. 2. Calculate the unit cost. Round final answer to the nearest cent. $ per unit 3. Calculate the cost of units transferred out and the cost of EWIP. Using your rounded answer from #2, round your final answers to the nearest dollar. Cost transferred out II Cost of ending work in process