4. Process Costing – Equivalent units of production,Weighted Average Method (7pts): The Lost Moon of Poosh,Inc. is a sports drink manufacturer who uses process costing toaccount for its production costs each period. The Lost Moon ofPoosh uses two departments in the production of its product –Blending and Bottling. The following is information obtained forthe Blending department for the month of January:

           Work in process (WIP) inventory, beginning balance:

                       Units in beginning WIP: 19,000

                       DM costs in beginning WIP: $91,000

                       Conversion Costs in beginning WIP: $49,400

           Units started / costs incurred during January:

                       Units started: 65,700

                       DM costs incurred: $167,500

                       Conversion Costs incurred: $85,900

At the end of January, as of January 31^st, there were17,300 units left in ending WIP inventory. These partiallycompleted units were 75% complete with respect to DM and 40%complete with respect to Conversion Costs. Use the Weighted-Averagemethod to answer the questions below.

1. 1pt: Calculate how many units were completedand transferred out to the Bottling Department during January.

2. 2pts: Calculate the Equivalent Units ofProduction (EUP) for January for both DM and Conversion Costs.

3. 2pts: Calculate the cost per EUP for Januaryfor both DM and Conversion Costs. Round your final answer to twodecimal places.

4. 1pt: Assign costs to the units completed and transferred out ofthe Blending Department to the Bottling Department duringJanuary.

5. 1pt: Assign costs to the units remaining in the BlendingDepartment’s ending WIP inventory as of January31^st.