The Weighted Average method is used for

process costing at Manitoba Mining and Manufacturing, direct materials are

added at the beginning of the process and conversions costs are uniformly

applied. Other details include:

WIP beginning $(50\%$ for conversion$)8,960$

units

Units started $93,500$

units

Units completed and transferred out $86,500$

units

WIP ending $(70\%$ for conversion$)15,960$

units

Beginning WIP direct materials $$52,500$

Beginning WIP conversion costs $$22,500$

Costs of materials added $$462,800$

Costs of conversion added $$230,150$

$*$HINT$*$ Complete the process Costing worksheet and use it to answer the following $6$ questions

What are the total equivalent units for direct materials at Manitoba Mining and Manufacturing?

$*$

$3$ points

$93,500$

$102,460$

$97,672$

$75,000$

What are the total equivalent units for conversion costs at Manitoba Mining and Manufacturing?

$*$

$3$ points

$93,500$

$97,672$

$102,460$

$151,640$

What is the cost per equivalent unit for direct materials at Manitoba Mining and Manufacturing?

$*$

$3$ points

$$3\mathrm{.}00$

$$2\mathrm{.}59$

$$7\mathrm{.}62$

$$5\mathrm{.}03$

What is the cost per equivalent unit for conversion costs at Manitoba Mining and Manufacturing?

$*$

$3$ points

$$2\mathrm{.}59$

$$3\mathrm{.}00$

$$1\mathrm{.}82$

$$5\mathrm{.}03$

What is the total cost of units completed and transferred out at Manitoba Mining and Manufacturing?

$*$

$3$ points

$$540,658$

$$600,000$

$$750,000$

$$658,784$

What is the total cost of units remaining in ending WIP at Manitoba Mining and Manufacturing?

$*$

$3$ points

$$75,000$

$$109,166$

$$135,600$

$$252,650$