Barker Inc. uses the weighted-average method in its process costing system. The following data concern the operations of the company''s first processing department for a recent month.
Costs in the beginning inventory:
Materials cost $3,600
Conversion cost $4,500
Units started into production during the month 15,200
Units completed and transferred out 15,600
Costs added to production during the month:
Materials cost $ 96,470
Conversion cost $476,362
Work in process, ending:
Units in process ?
Stage of completion with respect to materials 50%
Stage of completion with respect to conversion 90%
Required: Using the weighted-average method
a. Determine the equivalent units of production for materials and conversion costs. __________
b. Determine the cost per equivalent unit for materials and conversion costs. ______________
c. Determine the cost of units transferred out of the department during the month. ____________
d. Determine the cost of ending work in process inventory in the department. _____________