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! Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below] Zia Company makes
! Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below] Zia Company makes flowerpots from recycled plastic in two departments, Molding and Packaging. Zia uses the weighted average method, and units completed in the Molding department are transferred to the Packaging department Production unit information for the Molding department follows. Molding-Direct Materials Beginning work in process inventory Units started this period Ending work in process inventory Units 4,000 28,000 3,000 Percent Complete 70% 80% Production cost information for the Molding department for the same period follows. Beginning work in process inventory (direct materials) Direct materials added this period $ 3,200 34,480 QS 16-19 (Algo) Weighted average: Assigning costs to output LO P1 Using the weighted average method, assign direct materials costs to the Molding department's output-specifically, the units transferred out to the Packaging department and the units that remain in work in process in the Molding department at month-end. Note: Round "Cost per EUP" to 2 decimal places.
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