2. TheDRISCOLLCompany on May 1, 2001, had a work-in-process inventory of 8 satellite units. The units were 90% complete for material valued at $4,933,600. The units were also 40% complete for conversion valued at $910,400. During the month 46 units were completed and transferred to finished goods. The ending work-in-process inventory on May 31, 199X consisted of 12 units. These units were 60% complete for materials and 30% complete as to conversion. Costs added during the month were $32,200,000 for materials and $13,920,000 for conversion.

Using the weighted average and FIFO methods:

1. Prepare an analysis of the physical flow
2. Calculate total equivalent units for materialand conversion.
3. Calculate the cost per equivalent unit for material and conversion.
4. (i) Calculate the cost of goods completed and transferred.

(ii). Calculate the cost of ending work in process.