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Problem 2(4 points). The following information is available for Department for the month of June: Units Cost Work in process, June 1 (70% complete) 201

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Problem 2(4 points). The following information is available for Department for the month of June: Units Cost Work in process, June 1 (70% complete) 201 10,000 Direct materials $ 36,000 Direct labor 18,000 Manufacturing overhead 24,000 Total work in process, June 1 $ 78,000 Started in production during June 40,000 Costs added: Direct materials $108,000 Direct labor 48,000 Manufacturing overhead 60.600 Total costs added during June $216,600 Work in process, June 30 (80% complete) 207. 4,000 Materials are added at the beginning of the process. Round unit costs to two decimal places. Required: 1. The cost per equivalent unit of production for materials using the weighted average method is SOK = (46K + B X1001.) (36000 + 108000/50000 $2.88 2. The cost per equivalent unit of production for conversion using the weighted average method is 3. The cost of goods transferred out using the weighted average method is 4. The cost of ending work in process using the weighted average method is (4K X 2.88) + (3200 X 3.06) - $21312

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