sa Hi-Test Company uses the weighted average method of process costing to assign production costs to its products. Information for the company's first production process September follows. Assume that all materials are added at the beginning of this production process, and that conversion costs are added uniformly throughout the process $140,540 Work in process inventory, September 1 (4,000 units, 100% complete with respect to direct materials, 80% complete with respect to direct labor and overhead; consists of $42,500 of direct materials cost, $98, 040 conversion cost Costs incurred in September Direct materials Conversion Work in process inventory, September 30 (9,800 units, 100% complete with respect to direct materials, 40% complete with respect to conversion) Units started in September Units completed and transferred to finished goods inventory 5445, $369, eee 35, eee 3e, eee Required: Compute each of the following using the weighted average method of process costing. 1. & 2. The number of equivalent units for materials and conversion for the month. 3. & 4. The cost per equivalent unit of materials and conversion for the month. 5. The total cost of goods transferred out. 6. The total cost of ending work in process inventory. Complete this question by entering your answers in the tabs below. Required 1 and 2 Required and 4 Required 5 Compute each of the following using the weighted average method of process costing. 1. & 2. The number of equivalent units for materials and conversion for the month. 3. & 4. The cost per equivalent unit of materials and conversion for the month. 5. The total cost of goods transferred out. 6. The total cost of ending work in process inventory. ints Skipped Complete this question by entering your answers in the tabs below. eBook Required 1 Hint and 2 Required 3 and 4 Required 5 Required 6 References The total cost of goods transferred out. (Round "Cost per EUP" to 2 decimal places.) Costs Transferred Out EUP Cost per EUP Total cost Direct materials 50,000 445,000 $ 55,600.00 2,780,000,000.00 369,000.00 164,205,000,000.00 Conversion Total transferred out 166,985,000,000.00 Compute each of the following using the weighted average method of process costing. 1. & 2. The number of equivalent units for materials and conversion for the month. 3. & 4. The cost per equivalent unit of materials and conversion for the month. 5. The total cost of goods transferred out. 6. The total cost of ending work in process inventory. ped Complete this question by entering your answers in the tabs below. ook Required 1 and 2 Required 3 and 4 Required 5 Requied 6 Hint rences The total cost of ending work in process inventory. (Round "Cost per EUP" to 2 decimal places.) EUP Cost per EUP Total cost Costs of Ending Work in Process Direct materials Conversion Total cost of ending work in process Required 6
