Midway Metal, which uses the weighted average method. produces wire baskets in two departments, Bending and...

 

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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 $3,500. Also shown is unit data for the Bending department this period. Direct Materials Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Units Percent Complete Conversion Percent Complete 3,900 100% 25% 7,900 8,900 2,900 100% 60% Work in Process Inventory-Bending ($) Debit Beginning balance Direct materials Direct labor Overhead Ending balance 7,800 18,120 4,900 23,520 Credit ? Transferred out a. 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 B Required C Compute equivalent units of production for both direct materials and conversion. Equivalent units of production: Weighted average 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 $3,500. Also shown is unit data for the Bending department this period. Direct Materials Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Units Percent Complete Conversion Percent Complete 3,900 100% 25% 7,900 8,900 2,900 100% 60% Work in Process Inventory-Bending ($) Debit Beginning balance Direct materials Direct labor Overhead Ending balance 7,800 18,120 4,900 23,520 Credit ? Transferred out a. 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 B Required C Compute equivalent units of production for both direct materials and conversion. Equivalent units of production: Weighted average

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Answer To compute the equivalent units of production for both direct materials and conversion using ... View the full answer