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Firefox File Edit View History Bookmarks Tools Window Help | e 99% L%), Wed 3:05 PM Atika Ishtiaq a E Connect Firefox File Edit View History Br + https:/newconnect.mheducat ...Search connect.html Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question Required information Use the following information for the Exercises below. The following information applies to the questions dispiayed 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. 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 c 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.) Answer is complete but not entirely correct. uivalent Units of Production (EUP)-Weighted Average Method Prev 1 of 1 NextExplanation / Answer
UNITS TO ACCOUNT FOR: Beginning Work in Process units 63,000 Add: Units Started in Process 337,000 Total Units to account for: 400,000 UNITS TO BE ACCOUNTED FOR: Units started and completed 315,000 Ending Work in Process 85,000 Total Units to be accounted for: 400,000 Equivalent Units: UNITS Material Cost Conversion % Completion Units % Completion Units Units started and completed 315000 100% 315,000 100% 315,000 Ending Work in Process 85000 80% 68,000 30% 25,500 Total Equivalent units 400000 383,000 340,500 TOTAL COST TO ACCOUNT FOR: Material Conversion Beginning work in Process 131,555 24,120 Cost Added during May 825,945 707,955 Total cost added during the year 957,500 732,075 Equivalent Units 383,000 340,500 Cost per Equivalent unit 2.5 2.15 Total Cost to account for: Conversion-Current period 707955 Conversion cost-Beginning WIP 24120 Material-Current period 825945 Material cost-Beginning WIP 131555 Total cost 1689575 TOTAL COST ACCOUNTED FOR: Units started and Transferred out (315000 units) Equivalent unit Cost per EU Total Cost Material 315,000 2.5 787500 Conversion Cost 315,000 2.15 677250 Total Cost of Units completed and transferred out: 1464750 Ending Work in process (85,000 units) Equivalent unit Cost per EU Total Cost Material 68,000 2.5 170000 Conversison Cost 25,500 2.15 54825 Total cost of Ending Work in process: 224,825
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