Suary 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, $188,720 Work in process inventory, September 1 (6,500 units, 1001 complete with respect to direct materials, 70complete with respect to conversion consists of $66,800 of direct materials cost, $121,920 conversion cost Costs incurred in September Direct materials Conversion Work in process inventory, September 30 (11,500 units, 1001 complete with respect to direct materials, 304 complete with respect to conversion) Units started in September Units completed and transferred out $470,000 $367,000 2 37,500 32,500 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 Required 3 and Required Required 6 The number of equivalent units for materials and conversion for the month. Equivalen Units of Production (EUP) Units * Materiais EUP.Materiale Conversion 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 Required 3 and Required 5 Required 6 The number of equivalent units for materials and conversion for the month. Equivalent Units of Production (EUP) Units % Materials EUP-Materials % Conversion EUP Conversion Total Regula Required 3 and 4 > $367,000 PE us Inventory, September 30 (11,500 units, 100% complete with respect to direct materials, 30% complete with respect to conversion) Units started in September Units completed and transferred out 2 37,500 32,500 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 Required 3 and Required 5 Required 6 The cost per equivalent unit of materials and conversion for the month. (Round "Cost per Eup to 2 decimal places.) Cont per Equivalent Unit of Production Direct Materials Conversion Total costs + Equivalent units of production Cost per equivalent unit of production Required 1 and 2 Required) 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 Required 3 and Requud 5 Required 6 The total cost of goods transferred out. (Round "Cost per EUP" to 2 decimal places.) Cost per Costa Transferred Out EUP EUP Total cost Direct materials Conversion Total transferred out Required 3 and 4 Required Complete this question by entering your answers in the tabs below. Required 1 and Required 3 and Required Required 6 The total cost of ending work in process inventory. (Round "Cost per Eup to 2 decimal places.) Costs of Ending Work in Process EUP Cost per EUP Total cost Direct materials Conversion Total cost of ending work in process
