Ceramics World Company manufactures high-quality mini figurines from ceramics in two departments, Production and Painting. Materials are introduced at various points during work in the production department. After the production is complete, the materials are transferred into the Painting department, where paints are applied to the figurines.

Selected data relating to the Production department during August are given below:

Production Data:

Kilograms in process, August 1 (materials 100% complete; conversion 80% complete) 42,500 Kilograms started into production during August 182,500 Kilograms completed and transferred to Painting ????? Kilograms in process, August 31 (materials 65% complete; conversion 30% complete) 27,500

Cost data:

Work in Process inventory, August 1: Materials Cost $ 50,500 Conversion Cost $ 25,500

Cost added during August: Materials Cost $ 231,000 Conversion Cost $ 106,500

Required:

Compute equivalent units of production.

Compute costs per equivalent unit for August.

Determine the cost of ending work in process inventory and of the units transferred to the Painting Department.

Prepare a cost reconciliation between the cost determined in part 3 above and the cost of beginning inventory and costs added during August.