Process Costing, Weighted Average (W. Crum) The Hickory Company manufactures a product processed through two departments. The process is lengthy, taking two weeks in Department M and ten days in Department S. Miscellaneous data include:

Dept. S, work in process, Dec. 1, 19_0—6,000 gallons, costing: Dept. M cost in work in process $24,000 Materials added in S in work in process $ 7,500 (100%) Conversion cost added in S in work in process $12,000 (60%) Production brought in from Dept. M to Dept. S during month—30,000 gallons, costing—$123,000 Materials added in Dept. S in December—$18,000 Conversion costs added in Dept. S in December—$62,000 Gallons completed and transferred to finished product—32,000 On hand in process in Dept. S at Dec. 31, 19_0—4,000 gallons, bearing 80% of the material added in S, and 30% of the conversion costs of Dept. S Compute for Dept. S:

1. Unit costs for December, using average-cost method, carrying unit costs to four decimals.

2. December 31, 19_0, inventory of work in process in Department S.

3. Cost of work completed in Department S in December and transferred to finished product. l-01