The cost of the work-in-process inventory at January 1 for Hanamura Manufacturing was

\($119,805\). An additional 750,000 units were started into production during the year. The cost of material, labor, and overhead added during the year amounted to \($2,627,820\). The units completed and transferred to finished goods totaled 790,000. The ending work-inprocess inventory consisted of 72,500 units, which were 25% complete.

Required:

a. Calculate the number of equivalent units of production.

b. Calculate the cost per equivalent unit of production.

c. Calculate the cost of the ending work-in-process inventory.

d. Calculate the cost of the completed units.

e. Appendix: Prepare a journal entry to transfer the cost of completed goods from working process.