Weighted Averages The Dyer Processing Company had work in process at the beginning and end of 19_1 as follows:

PERCENTAGE OF COMPLETION Conversion Materials Costs January 1, 19-1—3,000 units 40% 10%

December 31, 19_1—2,000 units 80% 40%

The company completed 40,000 units of finished goods during 19_1. Manufacturing costs incurred during 19_1 were: materials, $242,600; conversion costs, $445,200. Inventory at January 1, 19_1 was carried at a cost of $10,600

(materials, $7,000; conversion costs, $3,600).

Assuming weighted average:

1. Compute new equivalent production for 19_1 for

(a) materials and

(b) conversion costs.

2. What is the proper cost of ending goods in process? l-01