Exercise $20-13($Algo$)$ Weighted average: Process costing using a T$-$account LO P$1$

Midway Metal, which uses the weighted average method, produces wire baskets in two departments, Bending and Painting. The Work in Process Inventory T$-$account for the Bending department is shown below. The $2,900$ units in beginning work in process inventory had direct materials costs of $$3,300$ and conversion costs of $$2,500.$ Also shown is unit data for the Bending department this period.

Units Direct Materials Conversion

Percent Complete Percent Complete

Beginning work in process inventory $2,900100\%20\%$

Units started this period $6,900$

Completed and transferred out $7,900$

Ending work in process inventory $1,900100\%70\%$

Work in Process Inventory$$Bending $($$$)$

Debit Credit

Beginning balance $5,800?$ Transferred out

Direct materials $10,420$

Direct labor $3,900$

Overhead $12,060$

Ending balance $?$

Compute equivalent units of production for both direct materials and conversion.

Compute cost per equivalent unit of production for both direct materials and conversion.

Assign costs to the department$$s output$$specifically$,$ to the units transferred out and to the units in ending work in process inventory. please answer in the same formate thank you