During December, the production department of a process operations system completed and transferred to finished goods a total of 63,000 units of product. At the end of March, 15,000 additional units were in process in the production department and were 40% complete with respect to materials. The beginning inventory included materials cost of $60,300 and the production department incurred direct materials cost of $191,400 during December. Compute the direct materials cost per equivalent unit for the department using the weighted-average method.

Multiple Choice

$4.00.

$2.77.

$3.04.

$3.65.

$3.23.

A company uses the weighted-average method for inventory costing. At the end of the period, 20,000 units were in the ending Work in Process inventory and are 100% complete for materials and 85% complete for conversion. The equivalent costs per unit are materials, $2.75, and conversion $2.26. Compute the cost that would be assigned to the ending Work in Process inventory for the period.

Multiple Choice

$93,420.

$165,400.

$93,290.

$148,840.

$140,590.