1) On January 1^st, 2019, NHL Inc. had a Beginning Work-in-Process balance of $20,000 ($10,000 of Direct Materials and $10,000 of Conversion) which consisted of 10,000 units which were 40% complete with respect to conversion costs.

During January, NHL started production on an additional 40,000 units and incurred $30,000 in Materials and $50,000 in Conversion costs.

NHL's Ending Work-In-Process consisted of 10,000 units which were 50% complete with respect to conversion costs.

NHL produces a single product. All direct materials are added at the start of the production process while conversion costs are incurred uniformly.

NHL uses a weighted-average process costing system.

What is the value of NHL's Finished Goods Inventory at the end of January?

2) On January 1^st, 2019, NHL Inc. had a Beginning Work-in-Process balance of $30,000 ($10,000 of Direct Materials and $20,000 of Conversion) which consisted of 10,000 units which were 50% complete with respect to conversion costs.

During January, NHL started production on an additional 20,000 units and incurred $50,000 in Materials and $55,000 in Conversion costs.

NHL's Ending Work-In-Process consisted of 8,000 units which were 50% complete with respect to conversion costs. NHL produces a single product.

All direct materials are added at the start of the production process while conversion costs are incurred uniformly.

NHL uses a weighted-average process costing system.

What was the value of NHL's Ending Finished Goods Inventory, assuming that the company sold half of its completed output during the year?

3) On January 1^st, 2019, NHL Inc. had a Beginning Work-in-Process balance of $50,000 ($40,000 of Direct Materials and $10,000 of Conversion) which consisted of 15,000 units which were 40% complete with respect to conversion costs.

During January, NHL started production on an additional 20,000 units and incurred $30,000 in Materials and $50,000 in Conversion costs.

NHL's Ending Work-In-Process consisted of 6,000 units which were 80% complete with respect to conversion costs.

NHL produces a single product. All direct materials are added at the start of the production process while conversion costs are incurred uniformly.

NHL uses a weighted-average process costing system.

What is NHL's cost per equivalent unit with respect to materials costs for January?