- Required Information Use The Following Information For The Exercises Below Static The Following Information Applies 1 (19.53 KiB) Viewed 10 times
Exercise 20-9 (Static) Weighted average: Cost per equivalent unit; costs assigned to output and inventory LO P1 The production department had the cost information below. Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for $ 118,472 48,594 850, 368 649,296 $ 167,066 1,499,664 $ 1,666,730 a. Compute cost per equivalent unit for both direct materials and conversion. (Round "Cost per EUP" to 2 decimal places.) b. Using the weighted average method, assign April's costs to the department's output-specifically, its units transferred to the next department and its ending work in process inventory. (Round "Cost per EUP" to 2 decimal places.)
Required a. Cost per equivalent unit of production: Weighted average method Total costs + Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Required b. Cost assignment-Weighted average Completed and transferred out Direct materials Conversion Total costs completed and transferred out Ending work in process Direct materials Conversion Total cost of ending work in process Total costs accounted for EUP EUP Direct Materials Costs EUP Cost per EUP Cost per EUP $ 0.00 $ 0.00 $ Total cost Total cost 0 0.00 0.00 Costs EUP Conversion