Calculate Equivalent Units, Unit Costs, and Transferred Costs-Weighted Average Method Kipling Manufacturing, Inc. operates a plant that produces its own regionally-marketed Super Salad Dressing The dressing is produced in two processes, blending and bottling. In the Blending Depart Work in Process Blending Department January 1 Inventory $4,000 gallons, 75% Finished) Direct material Conversion costs Transferred to Boning Department (70,000 gallons) January charges Direct material (71.000 gallon Direct labor Manufacturing overhead January 31 inventory 17 gallons, 60% processed Required 162,400 17,400 1,136,000 328.000 372,000 Calculate the following amounts for the Blending Department a. Number of units in the January 31 inventory b. Equivalent units for materials cost and conversion costs 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 nearest whole number Kipling 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 70000 100% 70000 100% 70000 Ending inventory 5000 60% 3000 60% 3000 25000 23000 Round average cost per equivalent unit to four decimal places Use rounded answers for subsequent calculations. Round other answers to the nearest whole number. Kipling Manufacturing Inc. Blending Department Flow of Units and Equivalent Units Calculation, January 2016 Equivalent Units % Work done Direct Work Conversion Materials Done Costs Complete/Transferred 70000 100% 70000 100% 70000 Ending Inventory Total 5000 60% 3000 60% 3000 75000 b 73000 73000 b Product Cost Report Beginning Inventory Current Total Costs to Account For Total Equivalent Units Average cost/Equivalent unit bround 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 Direct Materials Conversion Costs 05 62400 17600 0 05 0 3 $ 0 0 d 0 0