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undefined Refer to the following information about the pollination Department in the Honey Bee Factory for the month of April. Honey Bee Factory uses the
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Refer to the following information about the pollination Department in the Honey Bee Factory for the month of April. Honey Bee Factory uses the weighted average method of inventory costing. Beginning Work in Process inventory: Physical units (completed 3,200 units in April) % complete for materials 25% % complete for conversion (labor and 75% overhead) Materials Cost from $4,075 March Conversion cost from March $14,205 Products started and completed in April: Physical Units 12,000 units Ending Work in Process Inventory: Physical Units 6,30 units % complete for materials 40% % complete for 80% conversion Manufacturing costs incurred for April: Materials $64,510 Conversion $123,456 1. Compute equivalent units for direct materials and conversion costs: EUP for DM units, EUP for conversion units. 2. Compute cost per equivalent units for direct materials and conversion costs: ***round to the nearest cent*** Cost per EUP for DM $ ; Cost per EUP for conversion costs $ 3. Compute the total cost of units completed and transferred out to finished goods during July. ***Be sure to use your answers from part 2. *** Total costs assigned to units completed and transferred out $ Process Inventory. *** Be sure to use per 4. Compute total cost of the ending Work i unit cost from part 2. *** Direct material cost assigned to ending WIP $ conversion costs assigned to ending WIP $ and therefore total costs assigned to ending WIP $Step by Step Solution
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