Exercise 16-13 (Algo) Weighted average: Process costing using a T-account LO P1 Midway Metal, which uses the weighted average method, produces wire baskets in two departments, Bending and Painting. The Worl in Process Inventory T-account for the Bending department is shown below. The 2,800 units in beginning work in process inventory had direct materials costs of $3,200 and conversion costs of $2,400. Also shown is unit data for the Bending department this period. Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Beginning balance Direct materials Direct labor Overhead Ending balance 5,600 9,760 3,800 13,780 ? Units Work in Process Inventory-Bending ($) Debit Credit ? Transferred out 2,800 6,800 7,800 1,800 Direct Materials Percent Complete 100% Required A Required B Required C 100% Complete this question by entering your answers in the tabs below. Conversion Percent Complete 25% a. Compute equivalent units of production for both direct materials and conversion. b. Compute cost per equivalent unit of production for both direct materials and conversion. c. Assign costs to the department's output-specifically, to the units transferred out and to the units in ending work in process inventory. 60%

Exercise 16-13 (Algo) Weighted average: Process costing using a T-account LO P1 Midway Metal, which uses the weighted average method, produces wire baskets in two departments, Bending and Painting. The Wor in Process Inventory T-account for the Bending department is shown below. The 2,800 units in beginning work in process inventory had direct materials costs of $3,200 and conversion costs of $2,400. Also shown is unit data for the Bending department this period. a. Compute equivalent units of production for both direct materials and conversion. b. Compute cost per equivalent unit of production for both direct materials and conversion. c. Assign cosis to the department's output-specifically, to the units transferred out and to the units in ending work in process inventory. Complete this question by entering your answers in the tabs below. Compute equivalent units of production for both direct materials and conversion. Compute cost per equivalent unit of production for both direct materials and conversion. Note; Round "Cost per EUP" to 2 decimal places. Assign costs to the department's output-specifically, to the units transferred out and to the units in ending work in inventory. Note: Round "Cost per EUP" to 2 decimal places