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Please help! Based on customer interest in February, Santana expands her computer workstation furniture business to include mass production of standardized desks and chairs. She
Please help!
Based on customer interest in February, Santana expands her computer workstation furniture business to include mass production of standardized desks and chairs. She uses the weighted average method of process costing for these products. Desks are made in three processes: Cutting, Finishing, and Packaging Information below is for the Cutting process for desks for February Units Cutting process-Desks Beginning work in process inventory Units started this period Units completed and transferred to Finishing Ending work in process inventory (1801 complete for direct materials, 804 complete for conversion) Costs added this month Cost Direct materials $ 24,000 Conversion 4,200 60 4e 20 Required: 1. Compute equivalent units of production for both direct materials and conversion for February 2. Compute cost per equivalent unit for both direct materials and conversion for February 3. Assign costs to units transferred out to Finishing and to units in ending work in process inventory Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute equivalent units of production for both direct materials and conversion for February Units Direct Materials Porcent EUP Complete Conversion Percent EUP Complete Total units Required: 1. Compute equivalent units of production for both direct materials and conversion for February 2. Compute cost per equivalent unit for both direct materials and conversion for February 3. Assign costs to units transferred out to Finishing and to units in ending work in process inventory. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute cost per equivalent unit for both direct materials and conversion for February Cost per Equivalent Unit of Production Costs added this period Direct Materials Conversion 24,000 $ 4,200 Total costs + Equivalent units of production Cost per equivalent unit of production Step by Step Solution
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