Amazon.com Hone WiNGS Unveity Google ilot Apple ing 0eogle Mahoo Rent Connect ch

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Amazon.com Hone WiNGS Unveity Google ilot Apple ing 0eogle Mahoo Rent Connect ch ?6 Connect Assignment 0 Help Save 13 o Required information The following information appies to the questions displayed below) During Apri, the production d the begining complete with manufacturing system completed a number of units of a product and depanment of a process goods Of these transferred units, 60,000 were in process in the production department at of Aprl and 240,000 were started and completed in April Apri's beginning inventory units were with respect to and 40% complete with 10 materials conversion At the end of April, 82,000 addsional units were in process in the production department and were 80% complete with respect to materials and 30% complete with respect to The production department had $850 368 of direct manerials and $649.296 of conversion costs charged to it during Aprit. Also, its beginning inventory of $167,066 consists of STtB,472 of direct materials cost and $48.504 of conversion costs 142. Using prirs costs to the department's outpui (Round "Cost per EUP to 2 decimal places.) the weighted average method, compute the direct materials cost and the conversion cost per equivalent unit and

Explanation / Answer

Equivalent Units of Production (EUP)- Weighted Average Method Units % Materials EUP— % Conversion EUP—Conversion Materials Units completed and transferred out        218,000 100%          218,000 100%                  218,000 Units in ending inventory          82,000 80%            65,600 30%                    24,600 Equivalent units of production        300,000          283,600                  242,600 Cost per Equivalent Unit of Production Materials Conversion Costs of beginning inventory $      118,472 $                48,594 Costs incurred this period          850,368                  649,296 Total costs Costs $      968,840 Costs $              697,890 ÷ Equivalent units of production EUP          283,600 EUP                  242,600 Cost per equivalent unit of production (rounded to 2 decimals) $            3.42 $                    2.88 Total Costs to Account for: Direct materials - prior period $    118,472 Conversion - prior period          48,594 Direct materials - current period        850,368 Conversion - current period        649,296 Total costs to account for: $ 1,666,730 Total costs accounted for $ 1,666,730 Difference due to rounding cost/unit $             -   Cost Assignment and Reconciliation Cost of units transferred out EUP Cost per EUP Total cost Direct materials        218,000 $            3.42 $      744,736 Conversion        218,000 $            2.88 $      627,123 Total costs transferred out $    1,371,859 Costs of ending work in process EUP Cost per EUP Total cost Direct materials          65,600 $            3.42 $      224,104 Conversion          24,600 $            2.88 $        70,767 Total cost of ending work in process $       294,871 Total costs accounted for $    1,666,730

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