Problem 20-1BWeighted average: Cost per equivalent unit; costs assigned to products

Compute the equivalent units of production for both direct materials and conversion.

2. Compute cost per equivalent unit of production for both direct materials and conversion.

3. Assign costs to the departments outputspecifically, to the units transferred out and to the units in ending work in process inventory.Analysis Component 4.

Assume that an error is made in determining the percent complete for units in ending inventory in the first process. Instead of being 25% complete for conversion, they are actually 75% complete. Write a one-half-page memo to the plant manager describing how this error affects this periods financial statements.