All materials are introduced at the beginning of the process. The firm uses the weighted-average method to calculate its unit costs. During August, 7,600 leathers were placed into production. A total of 7,000 leather covers were completed. The work-in-process inventory on August 31 consisted of 1,000 leathers, which were 50 percent complete as to conversion. Production Data, August 1: Work in process inventory: 400 units (degree of completion: conversion costs, 25%) Cost Data, August 1: Work in process inventory: Materials cost $ 1,250 Conversion cost $300 The costs charged to production during August were as follows: Materials cost $25,150 Conversion cost 20,700 Required: 1. Compute the weighted-average unit cost of completed leather covers 2. Compute the cost of ending work in process inventory 3. Compute the cost of the units completed and transferred out

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