Required information

Skip to question

[The following information applies to the questions displayed below.] The following partially completed process cost summary describes the July production activities of the Molding department at Ashad Company. Its production output is sent to the next department. All direct materials are added to products when processing begins. Beginning work in process inventory is 20% complete with respect to conversion.

Equivalent Units of Production	Direct Materials			Conversion
Units transferred out		34,500	EUP		34,500	EUP
Units of ending work in process		2,000	EUP		1,200	EUP
Equivalent units of production		36,500	EUP		35,700	EUP

Costs per EUP	Direct Materials				Conversion
Costs of beginning work in process		$	12,850			$	1,680
Costs incurred this period			385,000				198,240
Total costs		$	397,850			$	199,920

Units in beginning work in process (all completed during July)	1,500
Units started this period	35,000
Units completed and transferred out	34,500
Units in ending work in process	2,000

Prepare its process cost summary using the weighted-average method. (Round "Cost per EUP" to 2 decimal places.)

Required information (The following information applies to the questions displayed below.) During April, the first production department of a process manufacturing system completed its work on 360,000 units of a product and transferred them to the next department. Of these transferred units, 72,000 were in process in the production department at the beginning of April and 288,000 were started and completed in April. April's beginning inventory units were 70% complete with respect to materials and 30% complete with respect to conversion. At the end of April, 94,000 additional units were in process in the production department and were 80% complete with respect to materials and 30% complete with respect to conversion. Compute the number of equivalent units with respect to both materials used and conversion used in the first production department for April using the weighted average method. Equivalent Units of Production - Weighted Average % Materials EUP-Materials Units % Conversion EUP-Conversion Total Costs Charged to Production $ 0.00 Total costs to account for Total costs accounted for *Difference due to rounding cost/unit Unit Reconciliation Units to account for $ 0.00 Total units to account for Total units accounted for Total units accounted for Equivalent Units of Production (EUP)- Weighted Average Method Units % Materials EUP - Materials % Conversion EUP-Conversion INTAI TINITs arruntentor Required information Equivalent units of production Cost per EUP Materials Conversion Costs EUP Costs EUP Total costs - Equivalent units of production Cost per equivalent unit of production Cost Assignment and Reconciliation Costs transferred out 0 0 Cost per EUP EUP Total cost Direct materials Conversion Total transferred out Cost per Costs of ending work in process EUP Total cost . Direct materials $ EUP 0.00 0.00 $ Conversion Total ending work in process