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 300,000 units of a product and transferred them to the next department Of these transferred units. 60,000 were in process in the production department at the beginning of April and 240,000 were started and completed in April. April's beginning Inventory units were 60% complete with respect to materials and 40% complete with respect to conversion. At the end of April, 92.000 additional units were in process in the production department and were 30% complete with respect to materials and 30% complete with respect to conversion Exercise 20-11A FIFO: Costs assigned to output LO C4, P4 The production department had $650,368 of direct materials and $649,296 of conversion costs charged to touring April. Also, beginning inventory of $157,066 consists of $118,472 of direct materials cost and $49.594 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 Apriscosts to the department's outoutspecifically, 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 56 Materials 80% % Conversion 30% 100% 60% 22.000 240 000 60.000 392 000 100% 40% EUP-Materiais 65,500 240,000 24,000 329,000 Materials 5 850,368 5 . 329,000 5 2.51 EUP.Conversion 24,500 240,000 36,000 300.000 Conversion S 649,290 S 549,26 300,600 S 2.16 Cases Costs EUP EUP Unitsin ending work in process Units started and completed Units to complete beginning work in process Equivalent units of production Coct par Equivalent Unit of Production Costs incurred this period Total + Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals Total Costs to Account for: Direct materials prior period Conversions prior period Direct materials - Current period Conversion cost current period Total costs to account for Total costs accounted for Difference due to rounding stunt 118.472.00 48.554.00 850 368.00 649.296.00 1,666 720.00 $ $ 0.00 Required Acsignment of Costs to Output of Department Cost of 60,000 units from beginning inventory Beginning inventory EUP Cost per EUP Total cost 60.000 S 2.655 796,000.00 60.000s 2.15 545,000.00 1.440,000.00 S 1440,000.00 EUP 8 Cost per EUP Total Ooct 2.60 $ 0.00 $ 2.15 0.00 Materials to complete Conversion to complete Totalcools to complete Total cost of 60.000 units in beginning inventory Cost of units started and completed this period Direct materials Conversion costs Total cost of 240,000 units started and completed Total cost of 300.000 units transferred out Costs of unitsin ending inventory Direct materials Conversion costs Total cost of 2.000 unitsin ending inventory Totalco assigned EUP 18 Cost per EUP Total Ooct 2.651 s 0.00 $ 2.15 0.00
