Nu-Test Company uses the weighted-average method of process costing to assign production costs to its products. Information for September follows. Assume that all materials are added at the beginning of its production process, and that direct labor and factory overhead are added uniformly throughout the process.
Goods in process inventory, September 1 (4,000 units, 100% complete
with respect to direct materials, 80% complete with respect to direct
labor and overhead; Includes $90,000 of direct material cost, $51,200
in direct labor cost, $61,440 overhead cost) . . . . . . . . . . . . . . . . . . . . . . . $202,640
Units started in September . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56,000
Units completed and transferred to finished goods inventory . . . . . . . . . . 46,000
Goods in process inventory, September 30 (__?__ units, 100%
complete with respect to direct materials, 40% complete with
respect to direct labor and overhead) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ?
Costs incurred in September
Direct materials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $750,000
Direct labor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $310,000
Overhead applied at 120% of direct labor cost . . . . . . . . . . . . . . . . . . . . . . ______?

Required
Fill in the blanks labeled a through uu in the following process costsummary.

Transcribed Image Text:

NU-TEST COMPANY Process Cost Summary For Month Ended September 30 Costs Charged to Production Costs of beginning goods in process Direct materials 90,000 51.200 61440 $202,640 Direct labor Factory overhead Costs incurred this period Direct materials $750.000 310.000 Direct labor . Total costs to account for .._- --.-... . . . . Unit Cost Information Units to account for Beginning goods in process4,000 Units started this Total units to account for (e . . Units accounted for Completed and transferred out .. 46,000 56,000 Ending goods in process (d) Total units accounted for( Direct Equivalent Units of Production (EUP) out4.-.. Units of ending goods in process Direct labor Factory overhead (j)-- (l) (n).- 100% 40% 40% × x Direct Cost per EUP Costs of beginning goods in process. Costs incurred this period Total costs.. 90,000 50,000 $840,000 51200 310,000 $361,200 $61,440 Cost per EUP Cost Assignment and Reconciliation Costs transferred out Cost/EUP × EUP Direct materials Direct labor Factory overhead Costs of goods completed and transferred out Costs of ending goods in process Direct materials Direct labor Factory overhead Costs of ending goods in process. Total costs accounted for