Please, answer all of the questions. thanks
Check my work Exercise 20-20 Weighted average: Process cost summary LO C3 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. $ 101,320 Work in process inventory, September 1 (2,000 units, 100% complete with respect to direct materials, 80% complete with respect to direct labor and overhead; consists of $45,000 of direct materials cost, $56, 320 conversion cost) Costs incurred in September Direct materials Conversion Work in process inventory, September 30 (7,000 units, 100% complete with respect to direct materials, 40% complete with respect to conversion) Units started in September Units completed and transferred to finished goods inventory $375,000 $341,000 28,000 23,000 Required: Compute each of the following using the weighted average method of process costing. 1. & 2. The number of equivalent units for materials 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 out. 6. The total cost of ending work in process inventory. Complete this question by entering your answers in the tabs below. Required 1 and 2 Required 3 and 4 Required 5 Required 6 The number of equivalent units for materials and conversion for the month. Required i and 2 Required 3 and 4 Required 5 Required 6 The number of equivalent units for materials and conversion for the month. Units completed and transferred out Units of ending work in process Total Equivalent Units of Production (EUP) % Materials EUP-Materials 23,000 100% 23,000 7,000 100% 30,000 30,000 % Conversion 100% 100% EUP-Conversion 23,000 7,000 30,000 7,000 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 decimal places.) Direct Materials Conversion Cost per Equivalent Unit of Production Cost of beginning work in process Costs incurred this period Total costs - Equivalent units of production Cost per equivalent unit of production o. Te Lold COSI UI elluny WOIK MIT Process livellory. Complete this question by entering your answers in the tabs below. 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.) EUP Cost per EUP Total cost Costs Transferred Out Direct materials Conversion Total transferred out 1 U.Te tuldi COSI UI en ny WOIK I process inventory. Complete this question by entering your answers in the tabs below. Required 3 Required 1 and 2 Required 5 Required 6 and 4 The total cost of ending work in process inventory. (Round "Cost per EUP" to 2 decimal places.) EUP Cost per EUP Total cost Costs of Ending Work in Process Direct materials Conversion Total cost of ending work in process
