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[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
[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. Production cost information for the Molding department for the same period follows. Beginningworkinprocessinventory(directmaterials)Directmaterialsaddedthisperiod$2,90053,340 Compute the Molding department's (a) units completed and transferred out, (b) equivalent units of production for direct materials, an c) cost per equivalent unit of production for direct materials. Complete this question by entering your answers in the tabs below. Compute the Molding department's units completed and transferred out. Compute the Molding department's (a) units completed and transferred out, (b) equivalent units of production for direct materials, a (c) cost per equivalent unit of production for direct materials. Complete this question by entering your answers in the tabs below. Compute the Molding department's (b) equivalent units of production for direct materials, and (c) cost per equivalent unit of production for direct materials. Note: Round "cost per equivalent unit of production" to 2 decimal places
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