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 325,000 units of a product and transferred them to the next department of these transferred units, 65,000 were in process in the production department at the beginning of April and 260,000 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, 87,000 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 16-11A FIFO: Costs assigned to output LO C4, P4 The production department had $910,750 of direct materials and $707,656 of conversion costs charged to it during April. Also, its beginning inventory of $185,754 consists of $137,830 of direct materials cost and $47,924 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 0 Equivalent units of production S 13 118 Dr Next Required information Cost per Equivalent Unit of Production Materials Conversion Costs Costs EUP 0 EUP 0 Total costs Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Total Costs to Account for: 0 0 $ 0.00 Total costs to account for: Total costs accounted for Difference due to rounding cost/unit $ 0.00 Required 3. Assignment of Costs to Output of Department Cost of 65,000 units from beginning inventory Beginning inventory EUP Cost per EUP Total cost Materials to complete Conversion to completo Total costs to completo Total cost of 65,000 units in beginning inventory $ 0.00 Cost per FIIP TATAI PAG! nanntentar and mater the rain Required 3. Assignment of Costs to Output of Department Cost of 65,000 units from beginning inventory Beginning inventory EUP Cost per + EUP Total cost $ 0.00 EUP Total cost Cost per EUP S 0.00 $ 0.00 Materials to complete Conversion to complete Total costs to complete Total cost of 85,000 units in beginning inventory Cost of units started and completed this period Direct materials Conversion costs Total cost of 260,000 units started and completed Total cost of 325,000 units transferred out Costs of units in ending inventory Direct materials Conversion costs Total cost of 87.000 units in ending invertory Total costs assigned $ 0.00 0.00 EUP Total cost Cost per EUP $ 0.00 $ $ 0.00 0.00 0.00
