Please do not give solution in image format thanku Required A Required BCompute equivalent units of production for both direct materials and conversion.Equivalent units of production: Weighted averageDirect MaterialsCompleted and transferred outEnding work in processRequired A Required BRequired CRequired CTotal costs+Equivalent units of productionCost per equivalent unit of productionCompleted and transferred outDirect materialsConversionEnding work in processDirect materialsConversionCost per equivalent unit of production: Weighted averageTotal costs accounted forUnits8,6002,600EUPPercentComplete100%100%Compute cost per equivalent unit of production for both direct materials and conversion. (Round "Cost per EUP" to 2 decimalplaces.)Direct Materials ConversionCost per EUPEUP8,6002,60011.200Required A Required B Required CAssign costs to the department's output-specifically, to the units transferred out and to the units in ending work in processinventory. (Round "Cost per EUP" to 2 decimal places.)Cost assignment-Weighted averageTotal cost$ConversionPercentComplete0100%60%EUP48,6001,56010,160 Midway Metal, which uses the weighted average method, produces wire baskets in two departments, Bending and Painting The Workin Process Inventory T-account for the Bending department is shown below. The 3,600 units in beginning work in process inventoryhad direct materials costs of $4,000 and conversion costs of $3,200. Also shown is unit data for the Bending department this period.Beginning work in process inventoryUnits started this periodCompleted and transferred outEnding work in process inventoryBeginning balanceDirect materialsDirect laborOverheadEnding balanceUnits7,20015,600022,2003,6007,6008,6002,600Work in Process Inventory-Bending (5)DebitCredit? Transferred outDirectMaterialsPercentComplete100%100%ConversionPercentComplete25%60%a. Compute equivalent units of production for both direct materials and conversion.b. Compute cost per equivalent unit of production for both direct materials and conversionc. Assign costs to the department's output-specifically, to the units transferred out and to the units in ending work in processinventory.

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Description: Please do not give solution in image format thanku Required A Required BCompute equivalent units of production for both direct materials and conversion.Equivalent units of production: Weighted averageDirect MaterialsCompleted and transferred outEndin

The equivalent units are calculated on the basis of the percentage of the work completed during the…

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Midway Metal, which uses the weighted average method, produces wire baskets in two departments, Bending and Painting The Work in Process Inventory T-account for the Bending department is shown below. The 3,600 units in beginning work in process inventory had direct materials costs of $4,000 and conversion costs of $3,200. Also shown is unit data for the Bending department this period. Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Beginning balance Direct materials Direct labor Overhead Ending balance Units 7,200 15,600 e 22,200 3,600 7,600 8,600 2,600 Work in Process Inventory-Bending (5) Debit Credit 7 Transferred out Direct Materials Percent Complete 100% 100% Conversion Percent Complete 25% 60% a. Compute equivalent units of production for both direct materials and conversion. b. Compute cost per equivalent unit of production for both direct materials and conversion c. Assign costs to the department's output-specifically, to the units transferred out and to the units in ending work in process inventory

Midway Metal, which uses the weighted average method, produces wire baskets in two departments, Bending and Painting The Work in Process Inventory T-account for the Bending department is shown below. The 3,600 units in beginning work in process inventory had direct materials costs of $4,000 and conversion costs of $3,200. Also shown is unit data for the Bending department this period. Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Beginning balance Direct materials Direct labor Overhead Ending balance Units 7,200 15,600 e 22,200 3,600 7,600 8,600 2,600 Work in Process Inventory-Bending (5) Debit Credit 7 Transferred out Direct Materials Percent Complete 100% 100% Conversion Percent Complete 25% 60% a. Compute equivalent units of production for both direct materials and conversion. b. Compute cost per equivalent unit of production for both direct materials and conversion c. Assign costs to the department's output-specifically, to the units transferred out and to the units in ending work in process inventory

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 11E: The charges to Work in ProcessAssembly Department for a period, together with information concerning...

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