Chapter 16 Connect Homework Assignment i Saved Help Save & Exit Submit Check my work 3 Hi-Test Company uses the weighted-average method of process costing to assign production costs to its products. Information for the company's first production process September follows. Assume that all materials are added at the beginning of this production process, and that conversion costs are added uniformly throughout the process. 10 points Work in process inventory, September 1 (5,000 units, 100%% complete with respect to direct materials, 80% complete with respect to conversion; consists of eBook $65,700 of direct materials cost, $119,500 conversion cost $ 185, 200 Costs incurred in September Hint Direct materials $ 455, 000 Conversion $ 374, 000 Print Work in process inventory, September 30 (10,000 units, 100%% complete with respect to direct materials, 40% complete with respect to conversion) References Units started in September 36, 000 Units completed and transferred out 31, 000 Required: Compute each of the following using the weighted-average method of process costing. 1. & 2. The number of equivalent units for materials and conversion for the month. 3. & 4. The cost per equivalent unit of materials and conversion for the month. 5. The total cost of goods transferred out. 6. The total cost of ending work in process inventory. Mc Graw Hill Mc Graw Hi Edurntian Chapter 16 Connect Homework Assignment Saved Help Save & Exit Submit Check my work 3 3. of 4. Ille LUSI pel equivalent UTIL UITMaterials allu LULIVEISION TO1 LITE IIIIII. 5. The total cost of goods transferred out. 6. The total cost of ending work in process inventory. 10 Complete this question by entering your answers in the tabs below. points Required 1 Required 3 eBook and 2 and 4 Required 5 Required 6 Hint The total cost of goods transferred out. (Round "Cost per EUP" to 2 decimal places.) Print Costs Transferred Out EUP Cost per EUP Total cost References Direct materials Conversion Total transferred out Mc Graw Hill EducationChapter 16 Connect Homework Assignment 0 Saved Help Save & Exit Submit Check my work 3. o: it. II|I:' LUhL per Equlvdllflll. ullll Ul material: allu LUIIVCIDIUII IUI "It IIIUIILII. A 5. The total cost of goods transferred out. 6. The total cost of ending work in process inventory. 10 Complete this question by entering your answers in the tabs below. points Required 1 Required 3 Required 5 Required 6 eBook and 2 and 4 Him The total cost of ending work in process inventory. (Round "Cost per EUP" to 2 decimal places.) Print References Direct materials Conversion Total cost of ending work in process