Information for the Hi-Test company’s production process for September follows. Assume
that all materials are added at the beginning of this production process, and that
conversion costs are added uniformly throughout the process.
*Image attached below.
Compute each of the following.
1. The number of equivalent units for materials for the month.
2. The number of equivalent units for conversion for the month.
3. The variable cost per equivalent unit of materials for the month.
4. The variable cost per equivalent unit for conversion for the month.
5. The total variable cost of goods transferred out.
6. The total variable cost of ending work in process inventory.
Please explain your work in detail and provide in-text citations. At least six (6) peer-
reviewed references are required among which one should be the textbook as source of the
data.
Wild, J., & Shaw, K. (2019). (8 th ed.). Financial and managerial accounting: Information for decisions. McGraw-Hill
ISBN: 9781260247855
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