ABC Company employs a process costing system for its manufacturing operations. All direct materials are added at the beginning of the process and conversion costs are added proportionately. The production quantity schedule for April is reproduced below: Work in process on April 1 (60% complete as to conversion costs) 1,000 Units started during April 5,000 Total units to account for 6,000 Units completed and transferred out 4,000 Work in process on April 30 (20% complete as to conversion costs) 2,000 Total units accounted for 6,000 Costs pertaining to the month of April are as follows: Beginning inventory costs: (DM, $54,600; Conversion, $35,560) $90,160 Costs incurred during April (DM, $468,000; Conversion $574,060) $1,042,060 Question #1: Using the weighted average method, the equivalent unit materials cost for April is? Question #2: Using the weighted average method, the 4,000 units completed during April will be transferred out at an EUP unit cost of?

Assad Company uses the process costing method with the following data for the month of July. Work - in - process, July 1, 30,000 units: Direct material: 100% completed $ 65, 500 Conversion: 30% completed 51,910 Balance in work in process, July 1 $ 117,410 Units started during July 40,000 Units finished 50,000 Work in process, July 31, 20,000 units: Direct material: 100% completed Conversion: 60% completed Cost incurred during July: Direct materials $ 120,000 Conversion costs 199,810 Total $ 319,810 Required: (1) Compute cost per equivalent unit under the weighted - average method. (2) Compute cost per equivalent unit under FIFO method.

Hi-Test Company uses the weighted-average method of process costing to assign production costs to its products. Information for the company’s first production process for September follows. Assume that all materials are added at the beginning of this production process, and that conversion costs are added uniformly throughout the process. Work in process inventory, September 1 (2,000 units, 100% complete with respect to direct materials, 80% complete with respect to conversion; consists of $45,000 of direct materials cost and $56,320 conversion cost) $101,320 Costs incurred in September Direct materials . $375,000 Conversion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $341,000 Work in process inventory, September 30 (7,000 units, 100% complete with respect to direct materials, 40% complete with respect to conversion) . $ ? Units started in September . 28,000 Units completed…

Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October: Percent Completed Materials Units 49,000 35,000 Conversion Work in process, October 1 Work in process, October 31 90 65 8 688 50 The department started 398,000 units into production during the month and transferred 412,000 completed units to the next department. Required: Compute the equivalent units of production for October. Materials Converslon nces Equivalent units of production < Prev 2 of 8 Next MacBook Air 80 44 & 24 41 %23 2 3 5 9 Q E R. T Y F G H. K V

Clonex Labs, Incorporated, uses the weighted average method in its process costing system. The following data are available for one department for October: Units Percent Completed Materials Conversion Work in process, October 1 48,000 90 % 60% Work in process, October 31 36,000 75 % 52% The department started 398,000 units into production during the month and transferred 410,000 completed units to the next department. Required: Compute the equivalent units of production for October. Materials Conversion Equivalent units of production

Wildhorse Company uses the weighted-average process cost system. The Molding Department adds materials at the beginning of the process and conversion costs are incurred uniformly throughout the process. Work in Process Inventory on May 1 was 75% complete as to conversion costs and Work in Process Inventory on May 31 was 60% complete for conversion costs. Complete the Production Cost Report for the Molding Department for the month of May using the above information and the information below. (Round unit costs answers to 2 decimal places, e.g. 52.75.) WILDHORSE COMPANY Molding Department Production Cost Report For the Month Ended May 31, 2022 Quantities Physical Units Materials Equivalent Units Conversion Costs Units to be accounted for Work in process, May 1 10,400 Started into production 41,600 Total units 52,000 Units accounted for Completed and transferred out 45,500 45500 45500 Work in process, May 31 6,500 6500

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Builder Products, Incorporated, uses the weighted-average method in its process costing system. It manufactures a caulking compound that goes through three processing stages prior to completion. Information on work in the first department, Cooking, is given below for May:   Production data:   Pounds in process, May 1; materials 100% complete; conversion 90% complete 62,000 Pounds started into production during May 270,000 Pounds completed and transferred out ? Pounds in process, May 31; materials 70% complete; conversion 30% complete 22,000 Cost data:   Work in process inventory, May 1:   Materials cost $ 55,100 Conversion cost $ 26,800 Cost added during May:   Materials cost $ 286,570 Conversion cost $ 147,330   Required: 1. Compute the equivalent units of production for materials and conversion for May. And compute the cost per equivalent unit for materials and conversion for May. 2. Compute the cost of ending work in process inventory for materials,…

Pesco Processes uses a weighted-average process-costing system. All materials are introduced at the start of manufacturing, and conversion costs are incurred evenly throughout the process. The company's beginning and ending work-in-process inventories totaled 10,000 units and 15,000 units, respectively, with the latter units being 2/3 complete at the end of the period. Pesco started 20,000 units into production and completed 15,000 units. Manufacturing costs follow.Beginning work in process: Materials, $60,000; conversion cost, $150,000Current costs: Materials, $180,000; conversion cost, $480,000Pesco's equivalent-unit cost for materials is: Select one: a. $4.50. b. $6.00. c. $8.00. d. $9.60. e. None of the answers is correct.

Richards Corporation uses the weighted-average method of process costing. The following information is available for October in its Fabricating Department: Units: Beginning Inventory: 92,000 units, 80% complete as to materials and 25% complete as to conversion. Units started and completed: 274,000. Units completed and transferred out: 366,000. Ending Inventory: 36,000 units, 30% complete as to materials and 10% complete as to conversion. Costs: Costs in beginning Work in Process - Direct Materials: $49,200. Costs in beginning Work in Process - Conversion: $91,700. Costs incurred in October - Direct Materials: $744,600. Costs incurred in October - Conversion: $931,300. Calculate the cost per equivalent unit of materials.