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Please help me filling out the entire table below. Degree of completion reported in this plant: direct materials, 80%; conversion costs, 50%. Recalculate the cost
Please help me filling out the entire table below.
Degree of completion reported in this plant: direct materials, 80%; conversion costs, 50%. Recalculate the cost per equivalent unit amounts, cost of units completed and transferred out, cost of ending work in process inventory, and total costs accounted for, assuming the actual percentage of completion of ending work in process was 80% for direct materials and 50% for conversion costs. (Round per unit amounts to five decimal places, X.XXXXX, and all other amounts to the nearest whole dollar.) Summary of Cost per Equivalent Unit and Costs Assigned to Units Completed and to Units in Ending Work-in- Process inventory; Weighted Average Method of Process Costing, Plant C of Aqua Industries for Quarter 4, 2020 Total Production Costs Direct Materials Conversion Costs Costs incurred to date 110200 Divide by equivalent units of work done to date Cost per equivalent unit of work done to date Assignment of costs: Completed and transferred out (27,000 units) Work in process, ending (11,000 units) Total costs accounted for - Data table Summary of the flow of Physical Units and Output in Equivalent Units; Weighted-Average Method of Process Costing, Plant C of Aqua Industries for Quarter 4, 2020 Equivalent Units Physical Direct Conversion Units Materials Costs Completed and transferred out during current period 27,000 27,000 27,000 Work in process, ending" (given) 11,000 11,000 * 100%; 11,000 * 70% 11,000 7,700 Accounted for 38,000 Equivalent units of work done to date 38,000 34,700 Degree of completion reported in this plant: direct materials, 100%; conversion costs, 70%. Summary of Cost per Equivalent Unit and Costs Assigned to Units Completed and to Units in Ending Work- in-Process inventory; Weighted Average Method of Process Costing, Plant C of Aqua Industries for Quarter 4, 2020 Total Production Costs Direct Materials Conversion Costs Costs incurred to date $ 110,200 $ 180,440 Divide by equivalent units of work done to date 38,000 34,700 $ 5.20 Cost per equivalent unit of work done to date 2.90 $ Assignment of costs: Completed and transferred out (27,000 units) $ 218,700 (27,000 $2.90) (27,000 * $5.20) Work in process, ending (11,000 units) 71,940 (11,000 - $2.90) (7,700 $5.20) 290,640 $ 110,200 $ 180,440 $ Totalcacte accounted forStep by Step Solution
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