Required information Use the following information for the Exercises below. The following information applies to the questions displayed below.) During April, the first production department of a process manufacturing system completed its work on 400,000 units of a product and transferred them to the next department of these transferred units, 80,000 were in process in the production department at the beginning of April and 320,000 were started and completed in April. Aprills beginning inventory units were 60% complete with respect to materials and 40% complete with respect to conversion. At the end of April, 102,000 additional units were in process in the production department and were 90% complete with respect to materials and 40% complete with respect to conversion Exercise 20-10A FIFO: Computing equivalent units of production LO C4 Prepare the number of equivalent units with respect to both materials and conversion costs in the production department for April using the FIFO method. Equivalent Units of Production - FIFO Units Materials EUP-Materials % Conversion EUP. Conversion Equivalent units of production The production department had $1451,226 of direct materials and $989,296 of conversion costs charged to it during April. Also, its beginning inventory of $264,928 consists of $196,304 of direct materials cost and $68,624 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 FIFO 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). FIFO Method Units * Materials EUP-Materials % Conversion EUP. Conversion Equivalent units of production Cost per Equivalent Unit of Production Materials Conversion Costs EUP Costs EUP 0 0 Total costs Equwwent units of production Cost per equivalent unit of production (rounded to 2 decimal) Total Costs to Account for 0 + $ 0.00 Total costs to account for Total cos accounted for Difference due to rounding costunit $ 0.00 Required information Difference due to rounding costunit $ 0.00 Required 3. Assignment of Costs to Output of Department Cout of 80,000 units from beginning inventory Beginning inventory EUP Cost per EUP Total cost $ 0.00 EUP Materials to completo Conversion to complete Total costs to complete Total cost of 80,000 units in beginning inventory Cost of units started and completed this period Direct material Conversion costs Total cost of 320,000 units started and completed Total cost of 400,000 units transferred out Costs of units in ending inventory Direct materials Cost per EUP $ 0.00 $ $ 0.00 Total cost 0.00 0.00 EUP Cost per EUP Total cost $ 0.00 5 0.00 $ 0.00 Conversion costs 0.00 + Total cost of 102.000 units in ending inventory Total costs assigned
