On May 1, the Dandy Company had a work-in-process inventory of 10,000 units. The units were 100% complete for material and 30% complete for conversion, with respective costs of $30,000 and $1,850. During the month, 150,000 units were completed and transferred to finished goods. The ending WIP inventory on May 31 consisted of 10,000 units. These latter units were 100% complete with respect to materials and 80% complete with respect to conversion. Costs added during the month were $330,000 for materials and $503,750 for conversion.
Required:
Using the weight-average method, calculate:
A. Total equivalent units for materials and conversion
B. The cost per equivalent unit for material and conversion
C. The cost transferred to finished goods
D. The cost of ending WIP