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, 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, 82,000 additional units were in process in the production department and were 80% complete with respect to materials and 30% complete with respect to conversion. Exercise 20-9 Weighted average: Costs assigned to output and inventories LO C2 The production department had $850,368 of direct materials and $649,296 of conversion costs charged to it during April. Also, its beginning inventory of $167,066 consists of $118,472 of direct materials cost and $48,594 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 department's output. (Round "Cost per EUP" to 2 decimal places.) EUP- Conversion Conversion 100% 3 0% 24,600 24,600 Answer is not complete. Equivalent Units of Production (EUP)-Weighted Average Method Units % EUP- Materials Materials Units completed and ol 60,000 100% 24,000% transferred out 82,000 80% 240,000x Equivalent units of production 142,000 264,000 Cost per Equivalent Unit of Materials Production Costs incurred this period $ 850,368/ 850,368 Total costs Costs $ 1,700,736 + Equivalent units of production EUP 329,600X Cost per equivalent unit of production (rounded to 2 decimals) $ 5.16 Total Costs to Account for: Direct materials - Prior period $ 118,472.00 Conversion - Prior period 48,504.00x Direct materials - Current 850,368.00 period Conversion - Current period 649,296.00 Total costs to account for: 1,666,640.00 Total costs accounted for 1,359,984.00 Difference due to rounding $ 306,656.00 cost/unit Cost Assignment and Reconciliation Cost of units transferred out EUP Cost per Total cost EUP Conversion $ 649,2967 649,296 $ 1,298,592 300,600 $ 4.32 Costs EUP $ 4.32 Cost per equivalent unit of production (rounded to 2 decimals) $ 5.16 Total Costs to Account for: Direct materials - Prior period $ 118,472.00 Conversion - Prior period 48,504.00 Direct materials - Current 850,368.00 period Conversion - Current period 649,296.00 Total costs to account for: 1,666,640.00 Total costs accounted for 1,359,984.00 Difference due to rounding $ 306,656.00 cost/unit Cost Assignment and Reconciliation Cost of units transferred out EUP Cost per Total cost EUP Direct materials 240,000 $ 2.58X619.200.00% Conversion 240,000 $ 2.16X518,400.00X Total costs transferred out Costs of ending work in Cost per Total cost EUP process Direct materials 65,600 $ 2.58 169,248.00 Conversion 24,600 $ 2.16 53,136.00 Total cost of ending work in process Total costs accounted for 1,137,600.00 EUP 222,384.00 1,359,984.00