Equivalent Units and Product Cost Report-Weighted Average Method

The following data (and annotations) are for Nelson Company's processing department work-in-process account for the month of September 2019:

Beginning inventory (1,500 units, 70% complete)
Direct materials		$44,000
Conversion costs		20,000
Current period
Direct materials (6,000 units)		100,000
Direct labor		82,000
Manufacturing overhead applied		130,880

Nelson uses the weighted average method. Materials are added at the beginning of the process and conversion costs are incurred evenly throughout. Ending work-in-process is composed of 1,000 units, 60% complete. Compute the following:

a. Equivalent units for direct materials and conversion.

b. Cost per equivalent unit for direct materials and conversion.

c. Total cost assigned to the units transferred out.

						Equivalent Units
Where do the units come from?			Where do the units go?			% Work Done?	Direct Materials		% Work Done?	Conversion Costs
Beginning Inventory	Answer		Complete/Transferred	Answer		Answer	Answer		Answer	Answer
Started	Answer		Ending Inventory	Answer		Answer	Answer		Answer	Answer
Total	Answer		Total	Answer			Answer	a.		Answer	a.

Product Cost Report
Where do the costs come from?			Direct Materials		Conversion Costs
Beginning Inventory	Answer		Answer		Answer
Current	Answer		Answer		Answer
Total Costs to Account For	Answer		Answer		Answer
Total Equivalent Units			Answer		Answer
Average cost / Equivalent unit			Answer	b.	Answer	b.
Where do the costs go?
Complete / Transferred:
Direct Materials		Answer
Conversion costs		Answer
Costs of Goods Manufactured		Answer		c.
Ending Inventory:
Direct Materials		Answer
Conversion costs		Answer
Cost of Ending Inventory		Answer
Total Costs Allocated		Answer