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 395,000 units of a product and transferred them to the next department Of these transferred units, 79,000 were in process in the production department at the beginning of April and 316,000 were started and completed in April. April's beginning inventory units were 80% complete with respect to materials and 20% complete with respect to conversion. At the end of April, 101,000 additional units were in process in the production department and were 85% complete with respect to materials and 35% complete with respect to conversion. Exercise 16-9 Weighted average: Costs assigned to output and inventories LO C2 The production department had $1,336,480 of direct materials and $970,047 of conversion costs charged to it during April. Also, its April beginning inventory of $270,083 consists of $250,325 of direct materials cost and $19,758 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 EUPMaterials % Conversion EUP-Conversion Units completed and transferred out 395,000 100% 395,000 100% 395,000 Units in ending inventory 101,000 85% 85,850 35% 35,350 Equivalent units of production 496,000 480,850 430,350 Cost per Equivalent Unit of Production Materials Conversion Costs of beginning inventory Costs incurred this period Total costs Costs - Equivalent units of production EUP EUP Cost per equivalent unit of production (rounded to 2 decimals) 0 Costs ! EUPMaterials % Conversion EUP-Conversion 395,000 100% 395,000 85,850 35% 35,350 480,850 430.350 Materials Conversion Required 1. and 2. Equivalent Units of Production (EUP)- Weighted Average Method Units % Materials Units completed and transferred out 395,000 100% Units in ending inventory 101,0001 85% Equivalent units of production 496,000 Cost per Equivalent Unit of Production Costs of beginning inventory Costs incurred this period Total costs Costs - Equivalent units of production EUP Cost per equivalent unit of production (rounded to 2 decimals) Total Costs to Account for: Direct materials - Prior period Conversion - Prior period Direct materials - Current period Conversion - Current period Total costs to account for: $ 0.00 Total costs accounted for Difference due to rounding cost/unit $ 0.00 Costs EUP 0 0 its > ext EUP Cost per EUP Total cost Required 3. Cost Assignment and Reconciliation Cost of units transferred out Direct materials Conversion 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 $ 0.00 $ 0.00 $ 0.00 0.00
