Question: Hanes had a product that passes through two processes knitting and finishing. Direct materials were added uniformly in the second process. Units were measured the

 Hanes had a product that passes through two processes knitting and

Hanes had a product that passes through two processes knitting and finishing. Direct materials were added uniformly in the second process. Units were measured the same way in both departments. The second department (finishing) had the following physical flow schedule for the month Units to account for Units, beginning work in process 50% complete 50,000 Units started 260.000 Total units to account for 310,000 Unitsaccounted for Units, ending work in process 40% complete 65,000 Units completed 245.000 Units accounted for 310,000 Costs in beginning work in process for the finishing department were: Direct materials 55,000 Conversion costs $7,500 Transferred in $10,000 Costs added during the month Direct materials $32,500 Conversion costs $48,750 Transferred in 565,000 Using the weighted average process costing method answer the following questions for the month (30 points) Choose.. How many equivalent units should Hanes use to calculate direct motenals cost? (5 pts) How many equivalent units should Hanes use to calculate conversion cost? (5 pts) How many equivalent units should Hanes use to calculate transferred-in cost? (5 pts) Choose Choose What is the direct materials cost per unit? (5 pts) Choose... What is the conversion cost per unit? (5 pts) Choose

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