Input: Beginning WIP Units started Units to account for Output: Units finished Ending WIP Production Cost Report for November Production Quantity Information Physical Units Units to accounted for Equivalent Units: Weighted Average Units completed Direct Materials (Ending WIP) Conversion (Ending WIP) Total Beginning WIP Current costs Total Divide by equivalent units Cost per equivalent unit Direct Materials Conversion % % % % Unit Cost Determination Direct Materials Conversion Total Cost Assignment Completed & Ending Work- Trans-out in-Process Total Finished goods units Ending WIP units Direct Materials Conversion Total costs assigned Required information [The following information applies to the questions displayed below.] Golf World, Incorporated (GWI) sells products and services for the sport of golf. One of its key business units specializes in the repair and reconditioning of golf carts. GWI enters into contracts with a number of golf clubs throughout the U.S. in which the clubs send their carts to GWI for a complete reconditioning: motor, frame repair where necessary, and replacement of seat covers and canvas tops. The clubs usually will cycle 10-15% of their carts through this process each year. Because GWI's business has been growing steadily, it is very important to complete the reconditioning of the carts within a budgeted time and cost. The firm uses weighted-average process costing to keep track of the costs incurred in the reconditioning process. GWI's golf cart repair and reconditioning unit has the following information for the month of November, in which 1,240 carts were started for reconditioning: Beginning WIP: 190 units, 40% complete for materials ($17,000) and 40% complete for conversion ($20,550) Current costs: Direct Materials: $200,400 Conversion: $386,600 (conversion costs for GWI usually average about $290 to $360 per unit, based on an average of 1,040 - 1,340 units completed each month) Ending WIP: 340 units, 20% complete for direct materials and 10% complete for conversion