Diamond Ltd manufactures Jewelry.Material is introduced at the beginning of the process in the Cutting Department.Conversion costs are incurred evenly throughout the process.Once cutting is complete, the jewelry pieces are immediately transferred to the Finishing Department.Data for the Cutting Department is as follows:

Physical UnitsD.M.Conversion Costs

Work-In-Process (Beginning)200$4,000$500

Started in Month1,100

Completed during Month1,000

Work-In-Process (Ending)300

Costs Added During Month$37,000$10,000

Degree of Completion:Ending WIP = 100% DM; 50% Conversion

REQUIRED: Using the Weighted Average Method, assign total costs to units completed (and transferred out) and to units in Ending Work-In-Process.