The Edna Millay Manufacturing Company produces a single product in a single processing department. The material is added when 25% of the conversion costs have been added. The Work-in-Process Inventory account on April 30th includes the following information: Beginning balance $1,682 ($600 is materials) Beginning balance Material Labor Overhead $1,682 ($600 is materials) 5,325 10,863 15,012 During the month, the company finished and transferred 72,000 units out of the Work-in-Process Inventory. 9,000 units were in process at the beginning of the month and were 40% complete. 8,000 units were in process at the end of the month, and were 70% complete. The company uses weighted average process costing. Required (use 4 decimal places for computations): (a) Compute the equivalent units of production (EUP) for materials and conversion costs in April. (b) Compute the unit conversion costs and unit material costs for April. (c) Compute the total cost transferred out of the Work-in-Process Inventory during the month of April. (d) Compute the cost of the ending inventory for April. The Clarke Chemical Company produces a special kind of body oil that is widely used by professional sports trainers. The oil is produced in three processes Refining, Blending, and Mixing. Raw oil materials are introduced at the beginning of the refining process. A "mountain-air scent material is added in the blending process when processing is 50% completed. The following Work-in-Process account for the Refining Department is available for the month of July. The July 1 Work-in-Process Inventory contains $1,500 in material costs. Work-in-Process: Refining Beginning balance (5,000 gal, 80%complete) Materials (30,000 gal Direct labor Overhead Ending balance (8,000 gal, 2/3 complete) $6,500 12,300 14,500 21,750 The following Work-in-Process account for the Blending Department is available for the month of July. The July 1 Work-in-Process inventory contains $5.920 in material costs, and $1.56/unit in costs transferred in from the Refining Department. Work-in-Process: Blending Beginning balance (8,000 gal, 30%complete) Cost transferred in from Refining Materials Direct labor (725 hours) Overhead Ending balance (4,000 gal, 40% complete) $22,850 ??? 20,910 5,748 11,800 The Clarke Chemical Company uses first-in, first-out (FIFO) costing for the Refining Department and weighted-average costing for the Blending Department. Required (use 4 decimal places for computations): Part 1: Refining Department (2) Compute the equivalent units of production for July (b) Compute the material cost per unit and the conversion cost per unit for July (c) Compute the costs transferred to the Blending Department for July (d) Compute the July 31 Work-in-Process Inventory balance. Part 2: Blending Department (e) Compute the equivalent units of production. (f) Compute the unit costs in the Blending Department for the month of July. (HINT: There are three!!) (g) Compute the costs transferred out for July. (h) Compute the July 31 Work-in-Process Inventory balance.