Hi-T Company uses the weighted average method of process costing. Information for the company’s first production process follows. All direct materials are added at the beginning of this process, and conversion costs are added uniformly throughout the process.

a. Compute the equivalent units of production for both direct materials and conversion.
b. Compute the cost per equivalent unit 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.

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Direct Materials Conversion Beginning work in process Percent Complete Percent Complete Direct materials $ 45,000 Units Conversion. 56,320 $101,320 Beginning work in process inventory... 2,000 100% 80% Costs added this period Completed and transferred out 23,000 Direct materials 375,000 Ending work in process inventory...... 7,000 100% 40% Conversion. 341,000 716,000 Total costs to account for.. $817,320