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

\($61,875\). An additional 150,000 units were started into production during the year. The cost of material, labor, and overhead added during the year amounted to \($1,872,85T5h.e\) units completed and transferred to finished goods totaled 145,000. The ending work-in-process inventory consisted of 16,000 units, which were 65% 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.