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options for the chart with dropdown menu for the above chart are: Beginning work in process inventory - units Total units accounted for Units completed
options for the chart with dropdown menu for the above chart are:
- Beginning work in process inventory - units
- Total units accounted for
- Units completed and transferred out
- Units of ending work in process inventory - units
- Units started this period
part b--
options for the dropdown menus:
EUP-weighted average method section:
- Units completed and transferred out
- Units in ending inventory
- Units started and completed
- Units to complete beginning work in process
Cost per Equivalent Unit of Production Section:
- Costs incurred this period
- Costs of beginning inventory
- Costs of ending inventory
- Costs of units transferred out
Total Costs to Account for section:
- Conversion - Current period
- Conversion - Prior period
- Direct materials - Current period
- Direct materials - Prior period
Thank you so much in advance!! :)
! Required information [The following information applies to the questions displayed below.) During April, the first production department of a process manufacturing system completed its work on 375,000 units of a product and transferred them to the next department. Of these transferred units, 75,000 were in process in the production department at the beginning of April and 300,000 were started and completed in April. April's beginning inventory units were 60% complete with respect to materials and 40% complete with respect to conversion. At the end of April, 97,000 additional units were in process in the production department and were 80% complete with respect to materials and 30% complete with respect to conversion. Compute the number of equivalent units with respect to both materials used and conversion used in the first production department for April using the weighted average method. Equivalent Units of Production - Weighted Average Units % Materials EUPMaterials % Conversion EUPConversion Total The production department had $1,222,800 of direct materials and $800,574 of conversion costs charged to it during April. Also, its April beginning Inventory of $228,296 consists of $180,260 of direct materials cost and $48,036 of conversion costs. 1. Compute the direct materials cost per equivalent unit for April. (Round "Cost per EUP" to 2 decimal places.) 2. Compute the conversion cost per equivalent unit for April. (Round "Cost per EUP" to 2 decimal places.) 3. Using the weighted average method, assign April's costs to the department's output-specifically, its units transferred to the next department and its ending work in process Inventory. (Round "Cost per EUP" to 2 decimal places.) Required 1. and 2. Equivalent Units of Production (EUP)-Weighted Average Method Units % Materials EUP-Materials % Conversion EUP-Conversion Equivalent units of production Cost per Equivalent Unit of Production Materials Conversion Total costs Costs Costs EUP EUP = Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Total Costs to Account for: Total costs to account for: Total costs accounted for Difference due to rounding cost/unit EUP Cost per EUP Total cost Required 3. Cost Assignment and Reconciliation Cost of units transferred out Direct materials Conversion Total costs transferred out Costs of ending work in process Direct materials EUP Cost per EUP Total cost Conversion Total cost of ending work in process Total costs accounted forStep by Step Solution
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