The Maximus Corporation was recently formed to produce a semiconductor chip that forms an essential part...

Transcribed Image Text:

The Maximus Corporation was recently formed to produce a semiconductor chip that forms an essential part of the personal computer manufactured by a major corporation. The direct materials are added at the start of the production process while conversion costs are added uniformly throughout the production process. June is Maximus' first month of operations, and therefore, there was no beginning inventory. Direct materials cost for the month totaled 895,000, while conversion costs equaled 4,225,000. Accounting records indicate that 475,000 chips were started in June and 425,000 chips were completed. Ending inventory was 50% complete as to conversion costs. What is the cost of the transferred out units assuming that Maximus uses 6 points weighted average method? * Final answer must be rouded off to the nearest centavo. Your answer What is the total cost per EUP assuming that Maximus uses FIFO method? 4 points Final answer should be rounded off to the nearest centavo. Your answer The Maximus Corporation was recently formed to produce a semiconductor chip that forms an essential part of the personal computer manufactured by a major corporation. The direct materials are added at the start of the production process while conversion costs are added uniformly throughout the production process. June is Maximus' first month of operations, and therefore, there was no beginning inventory. Direct materials cost for the month totaled 895,000, while conversion costs equaled 4,225,000. Accounting records indicate that 475,000 chips were started in June and 425,000 chips were completed. Ending inventory was 50% complete as to conversion costs. What is the cost of the transferred out units assuming that Maximus uses 6 points weighted average method? * Final answer must be rouded off to the nearest centavo. Your answer What is the total cost per EUP assuming that Maximus uses FIFO method? 4 points Final answer should be rounded off to the nearest centavo. Your answer