a. How many of the units that were started during February were completed during February?

b. What is the amount of direct materials cost assigned to ending work-in-process inventory at the end of February?

Answer the following questions (#33 and #34) using the information below. The Rest A lot chair company manufacturers a standard recliner. During February, the firm's Assembly Department started production of 37,500 chairs. During the month, the firm completed 40,000 chairs and transferred them to the Finishing Department. The firm ended the month with 5,000 chairs in ending inventory. There were 7,500 chairs in beginning inventory. All direct materials costs are added at the beginning of the production cycle and conversion costs are added uniformly throughout the production process. The FIFO method of process costing is used by Rest-A-Lot. Beginning work-in-process was 30% complete as to conversion costs while ending work in process was 80% complete as to conversion costs Beginning inventory is as follows: Direct materials $48,000 Conversion costs $70,000 Manufacturing costs added during the accounting period are as follows Direct materials $336,000 Conversion costs $556,110