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Units transferred to the next let 3 4 5 6 Question 7 Equivalent Units and Cost per Equivalent Unit-Veighted-Average Method Time Square Company produces a high-quality insulation material that passes through two production processes. Data for November for the first process follow: 7 200 Materials 50% Work in process inventory, November 1 Work in process inventory, November 30 160,000 120,000 PRE mersie 25% 20% 45% Materials cost in VIP inventory, November 10 $ 153,200 Conversion cost in VIP inventory, November $ 69,800 Units started into production 600,000 640,000 cost added during $ 820,000 Conversion cost added during November 469,000 Required: 1. Assume that the company uses the weighted average method of accounting for units and costs. Determine the equivalent units for November for the first process. Units to be accounted for: Eqwalen Links Zala! 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 29 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 Units transferred to the next department ...............!!! Ending work in process Total units Afalesia's Gawesio 640,000 640,000 54,000 24,000 694,000 664,000 VTT 2. Compute the costs per equivalent unit for November for the first process. Zoallas Materials Conversion 3. Determine the total cost of ending work in process inventory and the total cost of units transferred to the next process in November. Ending word in wavessinventary Afaterials Cowersia Todas 54,000.00 24,000.00 Lits releted and transferred Materials 640,000.00 Conversion Total Gas 640,000.00