Question

16)Hi-Test Company uses the weighted-average method of process costing to assign production costs to its products. Information for September follows. Assume that all materials are added at the beginning of its production process, and that conversion costs are added uniformly throughout the process.       Work in process inventory, September 1 (7,000 units, 100% complete with respect to       direct materials, 80% complete with respect to direct labor and overhead; includes
      $78,500 of direct material cost, $55,600 in direct labor cost, $68,260 overhead cost)$202,360    Units started in April 38,000    Units completed and transferred to finished goods inventory 33,000    Work in process inventory, September 30 (? units, 100% complete with respect to       direct materials, 40% complete with respect to direct labor and overhead) ?     Costs incurred in September        Direct materials$475,000        Conversion$394,000    Required:Compute each of the following, assuming Hi-Test uses the weighted-average method of process costing.(Round “Cost per EUP” to 2 decimal places.)  1.The number of physical units that were transferred out and the number that are in ending work in process inventory.

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