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Lesson 3 Homework Complete and submit your work in an Excel file to the dropbox by the Lesson 3 Deadline. Below is the assignment - The candy making department at MyChocoCrush Company provides you with the following information for October. All direct materials are placed in process at the beginning of production. The facts are: Beginning Work in Process Unit started during the month Direct materials used for the month Direct labor costs incurred Factory Overhead allocated Units Completed (and transferred out) this month 300,000 units Ending Work in Process Unfinished units are 20% completed for conversion REQUIRED: Use the weighted average process cost method to identify and classify the costs below. HINT: Prepare a Production Cost Report first! 1. Determine the number of units of work in process inventory at the end of the month. 2. Determine the equivalent units of productions for direct materials and conversion costs. 3. Determine direct materials cost per equivalent unit 4. Determine conversion cost per equivalent unit 5. Cost of units completed and transferred out during October 6. Cost of ending work in process 7000 units (50% completed for conversion) 315,000 units $ Amount $ $ $ 60,000 950,000 200,000 100,000

Lesson 3 Homework Complete and submit your work in an Excel file to the dropbox by the Lesson 3 Deadline. Below is the assignment: The candy making department at MyChocoCrush Company provides you with the following information for October. All direct materials are placed in process at the beginning of production. The facts are: REQUIRED: Use the weighted average process cost method to identify and classify the costs below: HINT: Prepare a Production cost Report first! 1. Determine the number of units of work in process inventory at the end of the month. 2. Determine the equivalent units of productions for direct materials and conversion costs. 3. Determine direct materiais cost per equivalent unit 4. Determine conversion cost per equivalent unit 5. Cost of units completed and transferred out during October 6. Cost of ending work in process

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