Inacio Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below:
Beg. WIP inventory:
Units in beg. inventory 800
Material costs $12,900
Conversion costs $5,000
% complete with respect to materials 75%
% complete with respect to conversion 20%
Units started into production during the month 9,500
Units transferred to next dept. during the month 8,400
Material costs added during the month $172,000
Conversion costs added during the month $240,200
Ending WIP inventory:
Units in ending WIP inventory 1,900
% complete with respect to materials 90%
% complete with respect to conversion 30%
Required:
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