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5. Sierra Co. has provided the following information: Work in Process: Feb 1 25,000 units (100% complete for materials, 60% complete for conversion) Materials Conversion
5. Sierra Co. has provided the following information: Work in Process: Feb 1 25,000 units (100% complete for materials, 60% complete for conversion) Materials Conversion $35,000 $43,000 80,000 units Units started February costs Materials Conversion $120,000 $234,000 15,000 units Work in Process: Feb 28 (100% complete for materials 20% complete for conversion) Using the weighted average method of process costing, complete each of the following: a. How many units were completed and transferred to Finished Goods? b. Calculate equivalent units c. Calculate cost per equivalent unit. Round your answers to four decimal places. d. What is the dollar amount transferred to Finished Goods? Round your answer to a whole dollar amount. e. Calculate the cost of the ending Work in Process. Round your answer to a whole dollar amount
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