Exercise 3-20 Weighted average: Process cost summary LO C3

Hi-Test Company uses the weighted-average method of process costing to assign production costs to its products. Information for September follows. Assume that all materials are added at the beginning of its production process, and that conversion costs are added uniformly throughout the process.

Work in process inventory, September 1 (4,000 units, 100% complete with respect to direct materials, 80% complete with respect to direct labor and overhead; includes $53,800 of direct materials cost, $31,600 in direct labor cost, $40,960 overhead cost)	$	126,360
Units started in April		30,000
Units completed and transferred to finished goods inventory		25,000
Work in process inventory, September 30 (? units, 100% complete with respect to direct materials, 40% complete with respect to direct labor and overhead)		?
Costs incurred in September
Direct materials	$	395,000
Conversion	$	345,000

Required: Compute each of the following, assuming Hi-Test uses the weighted-average method of process costing. (Round "Cost per EUP" to 2 decimal places.) 1. The number of physical units that were transferred out and the number that are in ending work in process inventory. 2&3. The number of equivalent units for materials and conversion for the month. 4&5. The cost per equivalent unit of materials and conversion for the month. 6. The total cost of goods transferred out. 7. The total cost of ending work in process inventory.