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Alvis Construction Supply Company has a department that manufactures wood trusses (wood frames used in the construction industry). The following information is for the production

Alvis Construction Supply Company has a department that manufactures wood trusses (wood frames used in the construction industry). The following information is for the production of these trusses for the month of February:

Work in Process February 1st 4,000 trusses
Direct Materials Cost 100% $100,000
Conversion 20% complete $150,000
Units Started During February 18,000 trusses
Units completed during February and transferred out 17,000 trusses
Work in Process Inventory February 29th
Direct Materials Inventory 100% complete
Conversion 40% complete
Costs incurred during February
Direct Materials $59,500
Conversion $92,250

Using the weighted average method complete the following

1. Costs per equivalent unit.

2. Cost of goods completed and transferred out.

3. Cost remaining in the ending work-in-process inventory.

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