3. Process Costing (Weighted-Average Method) 16pts: Partners in Crime Paint Company uses the weighted average method to account for costs of production in its process costing system. Partners in Crime manufactures its base paint in two separate departments: Mixing and Packaging. The following information is for the Mixing Department (the first production department in its production process) for the month of March: Percent Complete with Respect to DM Percent Complete with Respect to Conversion Costs (DL+OH) 40% 100% Beginning work in process inventory Units started during March Units completed and transferred to the Packaging Department during March Ending work in process inventory Units (gallons) 69,500 391,700 407,600 100% 100% 53,600 75% 55% o The accounting records for the Mixing Department indicate the following additional information: Costs in beginning WIP Inventory-Mixing Department totaled $191,125, broken down as follows: o $139,000 in DM costs $52,125 in conversion costs Costs incurred during the month of March for the Mixing Department totaled $1,135,930, broken down as follows: $822,570 in actual DM costs $313,360 in conversion costs ($125,344 in DL costs; $188,016 in applied OH costs (applied based on 150% of DL costs)) o o PART A (4pts) - Calculations for the Mixing Department (use the Weighted- Average Method): 1. Calculate the equivalent units of production for March for DM and Conversion Costs (DL+OH). 2. Calculate the cost per equivalent unit of production (EUP) for DM and for Conversion Costs for March (round cost per EUP to the nearest cent, i.e. to two decimal places). 3. Using the costs per equivalent unit calculated in PART A, 2.: Assign costs to the completed units transferred out of the Mixing Department to the Packaging Department a. b. Assign costs to the units remaining in ending WIP Inventory - Mixing Department