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 410.000 units of a product and transferred them to the next department of these transferred units. 82,000 were in process in the production department at the beginning of April and 328,000 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, 104,000 additional units were in process in the production department and were 85% complete with respect to materials and 35% complete with respect to conversion The production department had $1.512,630 of direct materials and $991.230 of conversion costs charged to it during April, Also, its April beginning inventory of $242,340 consists of $206,850 of direct materials cost and $35,490 of conversion costs. 1. Compute the direct materials cost per equivalent unit for April (Round "Cost per EUP" to 2 decimal places.) 2. Compute the conversion cost per equivalent unit for April (Round "Cost per EUP" to 2 decimal places.) 3. Using the weighted average method, assign April's costs to the department's output-specifically, its units transferred to the next department and its ending work in process inventory. (Round "Cost per EUP" to 2 decimal places.) Required 1. and 2 Equivalent Units of Production (EUP)-Weighted Average Method Units Materials EUP Materials Conversion EUP-Conversion .. 1. Compute the direct materials cost per equivalent unit for April (Round "Cost per EUP" to 2 decimal places.) 2. Compute the conversion cost per equivalent unit for April (Round "Cost per EUP" to 2 decimal places.) 3. Using the weighted-average method, assign April's costs to the department's output-specifically, its units transferred to the next department and its ending work in process inventory (Round "Cost per EUP" to 2 decimal places.) of 2 Required 1. and 2 Equivalent Units of Production (EUP) Weighted Average Method Units Units completed and transferred out 410,000 Units in ending inventory 104.000 Equivalent units of production 514,000 Cost per Equivalent Unit of Production Costs of beginning inventory Costs incurred this period Total costs -Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Total Costs to Account for Materials EUP Materials Conversion EUP Conversion 100% 410.000 100% 410,000 85% 88.400 35% 36,400 498,400 446,400 Materials Conversion $ 206,850 $ 35.490 1,512,630 991,230 Costs $ 1,719,480 Costs S 1,028,720 EUP 498,400 EUP 448,400 $ 3.45 $ 2.30 Required information Total Costs to Account for: $ 0.00 Total costs to account for: Total costs accounted for 2,746,200.00 $ (2.746,200.00) Difference due to rounding cost/unit Required 3. Cost Assignment and Reconciliation Cost of units transferred out Direct materials Conversion Total costs transferred out Costs of ending work in process EUP Cost per EUP Total cost 410,000 $ 3.45 $ 1,414,500.00 410,000 $ 2.30 943,000.00 $ 2,357,500.00 EUP Cost per EUP Total cost Required 3. Cost Assignment and Reconciliation Cost of units transferred out Direct materials Conversion EUP Cost per EUP 410,000 $ 3.45 410,000 $ 2.30 Total cost $ 1,414,500.00 943,000.00 $ 2,357,500.00 Total costs transferred out Costs of ending work in process Direct materials Conversion Total cost of ending work in process Total costs accounted for EUP Cost per EUP Total cost 88,400 $ 3.45 $ 304.980.00 36,400 $ 2.30 83,720.00 388,700,00 $ 2,746,200.00
