Chaplin Corporation produces a product that passes through two departments. All materials are entered at the beginning of the process. For October, the following information has been prepared:

Units:

October 1 25,000

Started in October 300,000

October 31 45,000 (80% complete)

Costs

Costs assigned to beginning work-in-process:

Materials $100,000

Conversion 20,000

Manufacturing costs incurred during the month:

Materials $160,000

Conversion 60,000

Required:

a. Prepare an Equivalent Units of Produced schedule

b. Compute the unit cost for October using the weighted average method for both Materials and Conversion Costs. (Round unit costs to 2 decimal places.)

c. Determine the cost of goods transferred out (completed).

d. Determine the cost of ending work-in-process.