Cost of units completed and ending inventory LO₄ Carter Candy Company had a cost per equivalent pound for the month of

$4.56 for materials, $1.75 for labor, and $1.00 for overhead. During the period, 10,250 pounds were completed and transferred to finished goods. The 3,200 pounds in ending work in process were 100% complete as to materials and 60% complete as to labor and overhead. At the beginning of the month, 1,500 pounds were in process, 100% complete as to materials and 50% complete as to labor and overhead. The beginning inventory had a cost of $8,775.

Carter uses FIFO costing.

Required:

1.Calculate the cost of the pounds completed and transferred.

2. Calculate the cost of ending work in process.