A firm that uses weighted average process costing has the following data:

Beginning Inventory (2,000 physical units):

Direct Materials: $2,500 100% complete

Conversion: $4,000 80% complete

Ending Inventory (8,000 physical units):

Direct Materials: 100% complete

Conversion: 0% complete

Current Costs:

Direct Materials: $45,500

Conversion: $76,000

Units started during the period 46,000

Units completed and transferred to finished goods 40,000

Required: Calculate the cost per unit for direct materials and conversion costs.

1. DIRECT MATERIALS(5 pts.): ___________________

2. CONVERSION COSTS(5 pts): ___________________

The Nameless Co. uses process costing and has the following information:

Materials Conversion

Units completed 30,000 30,000

Units in ending WIP:

DM: 9,000 x 60% complete 5,400eu --------

CC: 9,000 x 20% complete -------- 1,800eu

Total EU of output 35,400eu 31,800eu

Unit costs were $2.10 per unit for materials and $1.50 per unit for conversion.

Determine: a. Cost of ending inventory(10 pts.): _________________

b. Cost of goods completed(10 pts.): _________________