E6-3 Page 349 Computing unit costs; cost of units finished; cost of units in process The following data appeared in the accounting records of Craig Manufacturing Inc., which uses the weighted average cost method: Started in the Process 12,000 units Finished and Transferred 10,500 units Work In Process 1,500 units (2/5 completed) Materials: $36,000 Labor: $44,400 Factory Overhead $22,200 Case 1All materials are added and labor and factory overhead are added evenly throughout the process.

Make the following computations

a. Cost of the units finished and transferred out for the month

b. Total cost of the units in process at the end of the month.