Question
Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] During April, the production department of
Required information
Use the following information for the Exercises below.
[The following information applies to the questions displayed below.] During April, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. 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 16-9 Weighted average: Costs assigned to output and inventories LO C2
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&2. Using the weighted-average method, compute the direct materials cost and the conversion cost per equivalent unit and assign April's costs to the departments output. (Round "Cost per EUP" to 2 decimal places.)
Equivalent Units of Production (EUP)- Weighted Average Method EUP- EUP- Units % Conversion % Materials Conversion Materials Equivalent units of production Conversion Materials Cost per Equivalent Unit of Production Costs Costs Total costs EUP Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) EUP 0 0 Total Costs to Account for 0.00 Total costs to account for: Total costs accounted for 0,00 Difference due to rounding cost/unit Cost Assignment and Reconciliation Total cost EUP Cost per EUP Cost of units transferred out Direct materials Conversion Total costs transferred out Total cost Cost per EUP EUP Costs of ending work in process 0.00 0.00 $ $ Direct materials 0.00 0.00 $ Conversion Total cost of ending work in process Total costs accounted forStep by Step Solution
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