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Exercise 21, page 244 Chapter 6 Process Costing 21.2, & LO.6 (WA & FIFO EUP} Funtime Inc. makes small toys in a one-department production...

Exercise 21, page 244 Chapter 6 Process Costing

21. LO.2, & LO.6 (WA & FIFO EUP} Funtime Inc. makes small toys in a one-department production process. Plastic is added at the beginning of the process; all other materials are considered indirect. The following information is available relative to September 2010 production activities:

Beginning WIP Inventory: 15,000 toys (60% complete as to labor; 75% complete as to overhead)
Started into production: plastic for 620,000 toys
Ending WIP Inventory: 25,400 toys (35% complete as to labor; 60% complete as to overhead)

a. Compute the EUP for direct material, direct labor, and overhead using weighted average process costing.
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