Data Section: Work in process, beginning Units started during the period Units completed during the period Work in process, ending Costs to account for: Beginning work in process Materials added Conversion costs incurred Total costs to be accounted for Units Percent Conversion Total Work in process, January 1, 3,400 units, 75% completed Materials added during the period, 64,000 units Conversion costs added during the period Work in process, January 31, 3,900 units, 10% completed $23,000 $366,080 $184,020 Materials are added at the beginning of the manufacturing process. If necessary, round to the nearest cent. Determine the following: 1) Cost of goods transferred out during the period 2) Cost of work of process at the end of the period Whole Units Direct Mat. % Added During the Month Direct Mat. Equiv. Units Added During the Month Conversion % Conversion Equiv. Units Beg. Work in process Started & Completed Ending Work in process Total Cost per equivalent unit Cost assignment Beginning Inventory Direct Materials Conversion Total Direct Mat. Conversion Amount reported on the balance sheet as: Finished goods inventory Work in Process inventory Data Section: Work in process, beginning Units started during the period Units completed during the period Work in process, ending Costs to account for: Beginning work in process Materials added Conversion costs incurred Total costs to be accounted for Beg. Work in process Started & Completed Ending Work in process Total Units Percent Conversion Work in process, January 1, 48,000 units, 30% completed Materials added during the period, 84,000 units Conversion costs added during the period $55,830 $449,400 $599,592 Work in process, January 31, 30,000 units, 40% completed Total Materials are added at the beginning of the manufacturing process. If necessary, round to the nearest cent. Determine the following: 1) Cost of goods transferred out during the period 2) Cost of work of process at the end of the period Cost assignment Whole Units Direct Mat. % Added During the Month Conversion % Direct Mat. Equiv. Units Added During the Month Conversion Equiv. Units Beginning Inventory Direct Materials Conversion Total Cost per equivalent unit Direct Mat. Conversion Amount reported on the balance sheet as: Finished goods inventory Work in Process inventory