Hi-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 (2,000 units, 100% complete

with respect to direct materials, 80% complete with respect to direct labor

and overhead; includes $ 45,000 of direct material cost,

$ 25,600 in direct labor cost, $ 30,720 overhead cost) . . . . . . . . . . . . . . . . . $ 101,320

Units started in April . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28,000

Units completed and transferred to finished goods inventory . . . . . . . . . . .23,000

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 . . . . . . . . . . . . . . . . . . . . . . . $ 375,000

Direct labor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 155,000

Overhead applied at 120% of direct labor cost . . . . . . . . . . . . . . . . . . . . . . ?

Required

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

HI-TEST COMPANY Process Cost Summary For Month Ended September 30 Costs Charged to Production Costs of beginning goods in process 45,000 25.600 30,720 $101.320 Direct materials.... Factory overhead Costs incurred this period 155,000 actory Total costs to account for .. Unit Cost Information Units to account for Beginning goods in process ....2.000 Units started this period . Total units to account for.... (e Units accounted for 23,000 28,000 Total units accounted for Direct Labor EUP (i Factory Overhead Direct Materials Equivalent Units of Production (EUP) Units completed and transferred out Units of ending goods in process . (EUP (h EUP Materials Direct labor Factory overhead 100% 40% 40% (i) x UP . (m)EUP (n)-- X (o EUP Equivalent units of production (EUP).. (P Cost per EUP Costs of beginning goods in process.45,000 $ 25,600 155,000 $180,600 $30.720 375.000 $420,000 (u Total costs... EUP CostAssignment and Reconciliation Costs transferred out Cost/EUP X 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.. x (oo (tt)