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A producer of magical widgets, Brakebills, Inc. uses a process costing system.The following information pertains...

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Accounting

A producer of magical widgets, Brakebills, Inc. uses a process costing system.The following information pertains to operations for the month of April

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CoursHeroTranscribedText: Percentage Complete Units Direct Materials Conversion Beginning Work In Process 18,000 50% 20% Inventory, April 1 Started in production during April 118,000 -- Ending Work in Process Inventory 20,000 Beginning Work in Process Inventory Costs: $126,800 $51,900 Conversion Current Period Costs: $1 ,457,200 Conversion $1 ,064,100 REQUIRED Using he weighted-average method, answer the following questions: 1. How many units were completed and transfened to finished goods? 2. What are the total equivalent units for each cost component? 3. What is the cost per equivalent unit for each cost component? 4. What is the cost transfened to Finished Goods Inventory? 5. What is the cost of ending WlP inventory? 6. If there was no beginning finished goods inventory forApril and 90,500 units were sold in April how much is COGS

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