IE Exercise 16-12 (Static): Weighted average: Cost per equivalent unit; costs assigned to products LO P1 HII Compary uses the weighted average methodiof process costing information for the company's first production process follows: All direct materials are added at the beginning of this process; and conversian costs are added uniformiy throughout the process: Total costu to account for 1. 117,32 1. Compute the equivalent units of production for both direct materials and conversion: 2. Compute the cost per equivalent unit for both direct materials and conversion. 3. Assign costs to the department's output-specifically, to the units transferred out and to the units in ending work in process inventory, Navigation: 1. Use the Open Excel in New Tab button to launch this question. 2. When finished in Excel, use the Save and Return to Assignment button in the lower right to refurn ta. Cornect Hi-T Company uses the weighted average methoct of process costing, informatton for the compamy's first production process follows. All direct materials are added at the beginning of this process, and comversion costs are added uniformiy throughout the process