Use the following information for the Exercises below. [The following information applies to the questions...
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Accounting
Use the following information for the Exercises below.
[The following information applies to the questions displayed below.] 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, 61,000 were in process in the production department at the beginning of April and 244,000 were started and completed in April. April's beginning inventory units were 65% complete with respect to materials and 35% complete with respect to conversion. At the end of April, 83,000 additional units were in process in the production department and were 85% complete with respect to materials and 35% complete with respect to conversion.
Exercise 3-9 Weighted average: Costs assigned to output and inventories LO C2
The production department had $779,288 of direct materials and $659,797 of conversion costs charged to it during April. Also, its beginning inventory of $163,740 consists of $122,032 of direct materials cost and $41,708 of conversion 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 departments output. (Round "Cost per EUP" to 2 decimal places.)
Use the following information for the Exercises below.
[The following information applies to the questions displayed below.] 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, 61,000 were in process in the production department at the beginning of April and 244,000 were started and completed in April. April's beginning inventory units were 65% complete with respect to materials and 35% complete with respect to conversion. At the end of April, 83,000 additional units were in process in the production department and were 85% complete with respect to materials and 35% complete with respect to conversion.
Exercise 3-9 Weighted average: Costs assigned to output and inventories LO C2
The production department had $779,288 of direct materials and $659,797 of conversion costs charged to it during April. Also, its beginning inventory of $163,740 consists of $122,032 of direct materials cost and $41,708 of conversion 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 departments output. (Round "Cost per EUP" to 2 decimal places.)
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