Total Costs to Be Accounted for: Cost per Equivalent Unit Manufactured: Materials Conversion Total Work in Process Beginning 15,000 Current Costs $140,000 $ 76,600 216,600 Total Costs in Process $140,000 $ 76,600 $231,600 Equivalent Units 190.000 162,500 Cost per Equivalent Unit $ 0.7368 $ 0.4714 $ 1.2082 Accounting for Total Costs: Completed and Transferred out First Batch: Beginning Inventory $15,000.00 Costs to Complete: Materials $ 0.00 Conversion (-0.75) * 10,000 $0.4714 1.178.50 $16.178.50 Second Batch: (160.000 - 10.000) $1.2082 181.230,00 $197.408.50 Work in Process, Ending Materials (40.000 X 50.7368) $29.472.00 Conversion (10.000 $0.4714) 4.714.00 34.86.00 Total Costs Accounted for $231,594.50* *$5.50 rounding error h48 12.8 A toy manufacturer has two departments, forming and finishing. Consider the finishing department, which processes the formed toys through the addition of hand shaping and metal. Although various direct materials might be added at various stages of finishing, for simplicity we will suppose that all additional direct materials are added at the end of the process. The following is a summary of the April operations in the finishing department: Units: Work in process, March 31, 5,000 units, 60% completed for conversion costs Units transferred in during April, 20,000 Units completed during April, 21,000 Work in process, April 30, 4,000 units, 30% completed for conversion costs Costs: Work in process, March 31 (transferred-in costs, $17,750: conversion costs, $7.250). $25,000 Transferred-in costs from forming department during April, $104,000 Direct materials added during April. $23.100 Conversion costs added during April, $38,400 Total costs to account for, S190,500 Using the weighted average method, prepare a cost-of-production report for the finishing department for April