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Old MathJax webview Hi-Test Company uses the weighted-average method of process costing to assign production costs to its products. Information for the company's first production

Old MathJax webview

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Hi-Test Company uses the weighted-average method of process costing to assign production costs to its products. Information for the company's first production process September follows. Assume that all materials are added at the beginning of this production process, and that conversion costs are added uniformly throughout the process. Work in process inventory, September 1 (5,500 units, 100% complete with respect to direct materials, 70% complete with respect to conversion; consists of $77,600 of direct materials cost, $121,03e conversion cost costs Andurred in Septemben Directil materials conversion work in process inventory, September 30 (10,500 units, 100% complete with respect to direct materials, 30% complete with respect to conversion Units started in Septemben Units completed and transferred out Required: Compute each of the following using the weighted average method of process costing. es 1. & 2. The number of equivalent units for materia s and conversion for the month. 3. & 4. The cost per equivalent unit of materials and conversion for the month 5. The total cost of goods transferred cut. 6. The total cost of ending work in prodesslinventory Complete this question by entering your answers in the tabs below. Required 1 and 2 Required 3 and 4 Required 5 Required 5 The number of equivalent units for materials and conversion for the month. Equivalent Units of Production (EUP) Units % Materials EUP-Materials % Conversion EUP Conversion Total Required 1 and 2 Required 3 and 4 Required 5 Required 6 . The number of equivalent units for materials and conversion for the month. Equivalent Units of Production (EUP) Units % Materials | EUP-Materials % Conversion EUP- Conversion Total Required 3 and 4 > Required 1 and 2 Required 3 and 4 Required 5 Required 6 The cost per equivalent unit of materials and conversion for the month. (Round "Cost per EUP" to 2 Cost per Equivalent Unit of Production Direct Materials Conversion Total costs Equivalent units of production Cost per equivalent unit of production Required 1 and 2 Required 3 and 4 Required 5 Required 6 The total cost of goods transferred out. (Round "Cost per EUP" to 2 decimal places.) Costs Transferred Out EUP Cost per EUP Total cost Direct materials Conversion Total transferred out Required 1 and 2 Required 3 and 4 Required 5 Required 6 The cost per equivalent unit of materials and conversion for the month. (Round "Cost per EUP" to 2 Cost per Equivalent Unit of Production Direct Materials Conversion Total costs Equivalent units of production Cost per equivalent unit of production Required 1 and 2 Required 3 and 4 Required 5 Required 6 The total cost of goods transferred out. (Round "Cost per EUP" to 2 decimal places.) Costs Transferred Out EUP Cost per EUP Total cost Direct materials Conversion Total transferred out

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