Calculate Equivalent Units, Unit Costs, and Transferred Costs-Weighted Average Method Godfrey Manufacturing, Inc., operates a plant that produces its own regionally-marketed Spicy Steak Sauce. The sauce is produced in two p Page 7 aparent, all materials are added at the start of the process, and labor and overhead are incurred evenly throughout the process. Godfr Work in Process-Blending Department January 1 inventory (5,000 gallons, 60% processed) Direct material $26,400 Conversion costs 12,980 Transferred to Bottling Department (60,000 gallons) January charges: Direct material (61,000 gallons) 335,500 Direct labor 161,920 Manufacturing overhead 107,360 January 31 inventory [? gallons, 70% processed] Required Assuming Godfrey uses the weighted average method in process costing, calculate the following amounts for the Blending Department: a. Number of units in the January 31 inventory. b. Equivalent units for materials and conversion costs. C. January cost per equivalent unit for materials and conversion costs. d. Cost of the units transferred to the Bottling Department. e. Cost of the incomplete units in the January 31 inventory. Round average cost per equivalent unit to four decimal places. Use rounded answers for subsequent calculations. Round other answers to the neare Godfrey Manufacturing, Inc. Blending Department Flow of Units and Equivalent Units Calculation, January 2016 Equivalent Units % Work Direct % Work done Materials Done Complete/Transferred Conversion Costs Round average cost per equivalent unit to four decimal places. Use rounded answers for subsequent calculations. Round other answers to the nearest whole number. Godfrey Manufacturing, Inc. Blending Department Flow of Units and Equivalent Units Calculation, January 2016 Equivalent Units % Work Direct % Work Conversion done Materials Done Costs Complete/Transferred Ending Inventory Total Product Cost Report Direct Materials Conversion Costs $ TA TA Beginning Inventory Current Total Costs to Account For - Total Equivalent Units Average cost / Equivalent unit (round four decimal places) Complete / Transferred: Direct Materials Conversion costs Cost of Goods Manufactured Ending Inventory: Direct Materials Conversion costs Cost of Ending Inventory Total Costs Allocated $ 4 119