PROCESS COSTING Pl UNITS COMPLETED IN MAY UNITS ENDING INVENTORY IN WIP 100,000 20,000 80% COMP MATL 20% COMP CONVERSION $464,000 $ 312,000 100,000 MATERIAL COSTS INCURRED DURING THE MONTH CONVERSION COSTS INCURRED DURING THE MONTH OPERATING EXPENSES USING THE WEIGHTED AVERAGE METHOD COMPUTE A EQUIVALENT UNITS OF PRODUCTION FOR MATERIAL AND CONVERSION 8 UNIT COST FOR MATERIAL AND CONVERSION EUP C TOTAL COST FOR COMPLETED UNITS D COSTS FOR ENDING WORK IN PROCESS E IF 40,000 UNITS ARE SOLD FOR $20/UNIT MAKE THE ENTRY FOR THE SALE MAKE THE ENTRY FOR THE COST OF SALE PREPARE AN INCOME STATEMENT WHAT IS THE ENDING COMPLETED GOODS BALANCE IN UNITS AND IN AFTER THE SALE G MAKE THE ENTRY FOR COST OF GOODS MANUFACTURED H WHAT IS THE TOTAL MANUFACTURING COST FOR MAY OH S 60% OF DIRECT LABOR WHAT IS THE TOTAL PRIME COST , WHAT IS THE TOTAL CONVERSION COST OB ORDER COSTING PROBLEM STATUS AND TOTAL COSTS IN FOLLOWING JOBS TOTAL COSTS IN FOLLOWING JOBS@ END OF MONTH JOB 1005 JOB 1006 OB 1007 JOB 1008 300,000 700,000 500,000 100,000 COMPLETED NOT SOLD COMPLETED AND SOLD COMPLETED NOT SOLD WIP WHAT IS THE BALANCE@ THE END OF THE MONTH FOR: WIP FINISHED GOODS COST OF GOODS SOLD