Determine the cost transferred to finished goods

Question

Production and cost data for the month of February for Process A of the Packer manufacturing Company follow:

Units in process, February 1  (100% complete with respect to materials, 25% complete with respect to conversion cost)		4200
New units started in process		9100
Units completed		7,000
Units in process, February 28  (100% complete with respect to materials, 1/3 complete with respect to conversion cost)		6300
Work in process inventory, February 1:
Materials	$	710
Conversion	$	210
Costs incurred in February:
Materials issued	$	4078
Conversion	$	1610

The company uses the weighted-average cost method in its process costing system.

Required:

a.	Calculate the equivalent units and cost per equivalent unit for February for materials and for conversion costs. (Do not round intermediate calculations. Round your cost per equivalent unit answers to 3 decimal places. Omit the "$" sign in your response.)

	Materials	Conversion
Equivalent units of production
Cost per equivalent unit	$	$

b.	Determine the cost transferred to finished goods. (Do not round intermediate calculations. Round your cost per equivalent unit answers to 3 decimal places. Omit the "$" sign in your response.)

Cost transferred to finished goods

$

c.	Determine the amount of cost that should be assigned to the ending work in process. (Do not round intermediate calculations. Round your cost per equivalent unit answers to 3 decimal places. Omit the "$" sign in your response.)