Question: 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
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 3,900 units in beginning work in process inventory had direct materials costs of $4,300 and conversion costs of $3,500. Also shown is unit data for the Bending department this period. Direct Materials Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Units Percent Complete 100% Conversion Percent Complete 25% 7,900 8,900 2,900 100 Work in Process Inventory-Bending (3) Debit Beginning balance Direct materials Direct labor Overhead Ending balance 7,800 18,120 23,520 Credit Transferred out e. Compute equivalent units of production for both direct materials and conversion. b. Compute cost per equivalent unit of production for both direct materials and conversion. c. Assign costs to the department's output-specifically, to the units transferred out and to the units in ending work in process inventory Complete this question by entering your answers in the tabs below. Required A Required & Required C Compute equivalent units of production for both direct materials and conversion. Equivalent units of production: Highted average Unis Director Conversion Percont Completa EUP Percent Complata EUP Required B > Complate this question by andoring your answers in the tabe below. Required A Required B Required C Compute cost per equivalent unit of production for both direct materials and conversion. Note: Round "Cost per EUP" to 2 decimal places. Total cos Equivalent units of production Cost per equivalent unit of production Direct Materials Conversion Requi Required C> Complete this question by antaving your answers in the tabs below. Required A Required Required C Assign costs to the department's output-specifically, to the units transferred out and to the units in ending work in process inventory. Note: Round "Cost per EUP" to 2 decimal places. Completed and transferred out Direct materia Conversion Ending work in process Direct mater Conversion Total costs accounted for EUP Cost per EUP Total cost
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