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Firefox File Edit View History Bookmarks Tools Window Help ???94% Ct} Tue 9:10 PM Atika Ishtiaq a E Grades for Syeda Ishtiag: 6183 X ? Homel Chegg.com https://newconnect.mheducation.com/flow/connect.html .Search Ch 03 Ex 3-9 6 Saved Help Save & Exit Submit Check my work Required information Use the following information for the Exercises below The following information applies to the questions displayed below 12 points During April, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. Of these transferred units, 63,000 were in process in the production department at the beginning of April and 252,000 were started and completed in April. April's beginning inventory units were 75% complete with respect to materials and 25% complete with respect to conversion. At the end of April, 85,000 additional units were in process in the production department and were 80% complete with respect to materials and 30% complete with respect to conversion. eBook Hint Ask Print Exercise 3-9 Weighted average: Costs assigned to output and inventories LO C2 The production department had $825,945 of direct materials and $707,955 of conversion costs charged to it during April. Also, its beginning inventory of $155,675 consists of $131,555 of direct materials cost and $24,120 of conversion costs. 1&2. Using the weighted-average method, compute the direct materials cost and the conversion cost per equivalent unit and assign April's costs to the department's output (Round "Cost per EUP" to 2 decimal places.) Equivalent Units of Production (EUP)- Weighted Average Method %Materials EUP- %Conversion EUP- Units Prev 1 of 1 Next Hi?

Explanation / Answer

Equivalent Units: UNITS Material Cost Conversion % Completion Units % Completion Units Units started and completed 100% 315,000 100% 315,000 Ending Work in Process 80% 118,400 30% 44,400 Total Equivalent units 433,400 359,400 TOTAL COST TO ACCOUNT FOR: Material Conversion Beginning Cost 131,555 24,120 Cost added in the process 825,945 707,955 Total cost added during the year 957,500 732,075 Equivalent Units 433,400 359,400 Cost per Equivalent unit 2.209 2.037 Total Cost to account for: Material cost in beginning WIP 131555 Conversion cost in Beg. WIP 24120 Material cost added during the period 825945 Conversion cost added during the period 707955 Total cost to account for: 1689575 Rounding off difference 97 TOTAL COST ACCOUNTED FOR: Units started and Transferred out (315000 units) Equivalent unit Cost per EU Total Cost Material 315,000 2.209 695835 Conversion Cost 315,000 2.037 641655 Total Cost of Units completed and transferred out: 1337490 Ending Work in process (148,000 units) Equivalent unit Cost per EU Total Cost Material 118,400 2.209 261545.6 Conversison Cost 44,400 2.037 90442.8 Total cost of Ending Work in process: 351,988 Total cost accounted for: 1,689,478

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