Chan mass produces necklaces. Production occurs in three sequential production departments %u2013 Stringing, Clasping and Packaging. At the beginning of the period in Clasping 1400 physical units were in beginning inventory. During the period 1000 units were transferred in from the previous department. At the end of the period 2000 units remained in the ending inventory. Given the following information:
Transferred In: Total Equivalent Units were 2400 and Cost per Equivalent Unit were $9.60
Direct Material: Total Equivalent Units were 2400 and Cost per Equivalent Unit were $3.00
Conversion: Total Equivalent Units were 750 and Cost per Equivalent Unit were $2.50
1. 1. What percentage complete are the units in Ending Inventory in the Clasping Department with respect to Direct Material?
2. 2. The costs assigned to units in the Clasping Department%u2019s ending inventory is ______
3. The costs transferred to Packing during the period equals ________