Question 3 Not complete Marked out of 1.00 P Flag question Equivalent Units and Product cost Report-Weighted Average Method The following data (and annotations) are for Joyner Company's processing department work in process account for the month of June 2019: Beginning inventory (700 units, 40% complete) Direct materials $17.430 Conversion costs 47,652 Current period Direct materials (5,000 units) 210,000 Direct labor 357,600 Manufacturing overhead applied 226,800 Joyner uses the weighted average method. Materials are added at the beginning of the process and conversion costs are incurred evenly throughout. Ending work-in- process is composed of 900 units, 70% complete. Compute the fe owing: a. Equivalent units for materials and conversion b. Cost per equivalent unit for materials and conversion c. Total cost assigned to the units transferred out. Equivalent Units Work Direct Work Conversion Where do the units come from? Where do the units for Done? Materials Done? Costs Type here to search o 303 w c. Total cost assigned to the units transferred out. % Work Done? Equivalent Units Direct % Work Materials Done? 96 % Conversion Costs Where do the units come from? Where do the units go? Beginning Inventory Complete/Transferred Started Ending Inventory Total Total Product Cost Report 96 96 a. a. Direct Materials Conversion Costs $ $ $ $ $ b. $ b. $ Where do the costs come from? Beginning Inventory Current Total Costs to Account For + Total Equivalent Units Average cost / Equivalent unit Where do the costs go? Complete / Transferred: Direct Materials Conversion costs Costs of Goods Manufactured Ending Inventory: Direct Materials Conversion costs Cost of Ending Inventory Total Costs Allocated Type here to search $ c. $ $ O