1. Aaron Company has a process costing system. All materials are introduced when conversion costs reach 50 percent. The following information is available for physical units during March.

Work in process, March 1 (70% complete as to conversion costs)	158,000
Units started in March	616,000
Units transferred to Finishing Department in March	646,000
Work in process, March 31 (30% complete as to conversion costs)	128,000

Required:

a. Compute the equivalent units for materials costs and for conversion costs using the weighted-average method.

b. Compute the equivalent units for materials costs and for conversion costs using the FIFO method.

2.

Ferdon Watches, Inc., makes four models of watches, Gag-Gift, Commuter, Sport, and Retirement. Ferdon manufactures the watches in four departments: Assembly, Polishing, Special Finishing, and Packaging. All four models are started in Assembly where all material is assembled. The Gag-Gift is transferred to Packaging, where it is packaged and transferred to finished goods inventory. The Commuter and Sport are assembled, then transferred to Polishing. Once the polishing process is completed, they are transferred to Packaging and then finished goods. The Retirement model is assembled and then transferred to Special Finishing, and then Packaging. When packaged, it is transferred to finished goods.

Data for October are shown in the following table. Conversion costs are allocated based on the number of units processed in each department.

		Total		Gag-Gift (8,200 units)			Commuter (13,200 units)			Sport (19,400 units)			Retirement (5,200 units)
Materials	$	412,000		$	41,000		$	99,000		$	194,000		$	78,000
Conversion costs:
Assembly	$	230,000
Polishing		130,400
Special Finishing		62,400
Packaging		184,000
Total conversion costs	$	606,800

Required:

b. What is the cost per unit transferred to finished goods inventory for each of the four watches in October? (Round "Cost Per Unit" to 2 decimal places.)

3.Yarmouth Company produces a liquid solvent in two departments: Mixing and Finishing. Accounting records at Yarmouth show the following information for Finishing operations for February (no new material is added in the Finishing Department):

WIP inventoryFinishing
Beginning inventory (11,500 units, 25% complete with respect to Finishing costs)
Transferred-in costs (from Mixing)	$	140,950
Finishing conversion costs		5,625
Current work (101,000 units started)
Mixing costs		1,040,300
Finishing costs		570,500

The ending inventory has 15,500 units, which are 50 percent complete with respect to Finishing Department costs and 100 percent complete for Mixing Department costs.

Required:

Complete the production cost report using the weighted-average method. (Round "Cost per equivalent unit" to 2 decimal places.)