Chester Computers, Ltd., located in Bristol, England, assembles a standardized personal computer from parts it purchases from various suppliers. The production process consists of several steps, starting with assembly of the mother circuit board, which contains the central processing unit. This assembly takes place in the CPU Assembly Department. The company recently hired a new accountant who prepared the following report for the department for May using the weighted-average method:

Work in process, May 1: materials 90% complete: conversion 80% complete Started into production 5,700 34,100 Total units 39,800 Units accounted for as follows 29,400 10,400 39,800 Transferred to next department Work in process May 31 materials 70% complete, conversion 50% complete Total units Cost to be accounted for Work in process, May Cost added in the department 15,276 96,248 Total cost to be accounted for 111,524 Cost accounted for as follows: Work in process, May 31 Transferred to next department E 20,384 91,140 Total cost accounted for 111,524 The company's management would like some additional information about May's operation in the CPU Assembly Department. (The currency in England is the pound, which is denoted by the symbol ) Required: 1. How many units were started and completed during May? sta 2. What were the equivalent units of production for May for materials and conversion costs? Materials on Equivalent units of production 3. What were the costs per equivalent unit for May? The following additional data are available conceming the department's costs. (Round your answers to 2 decimal places.) Work in process, May 1 Costs added during May Materials Conversion Total E 10,545 4,731 E 15,276 S 64,649 E 31,599 E 96,248 Materials Cost per equivalent unit 4.Calculate the material cost and the conversion cost of the ending work in process. (Round your cost per equivalent unit calculation to 2 decimal places and your final answers to nearest whole dollan amount.) Materials version Ending work in process inventory Equivalent units of production Cost per equivalent unit Cost of ending work in process inventory 5. The new manager of the CPU Assembly Department was asked to estimate the incremental cost of processing an additional 1,000 units through the department. He took the unit cost for an equivalent wnole unit you computed in (3) above and multiplied this figure by 1,000. ill this method yield a valid estimate of incremental cost? O Yes