Joe Smith Manufacturing Corp. uses the weighted-average method in its process costing system. The following data concern the operations of the company's first processing department for a recent month.

	Work in process, beginning:
	Units in process..................................................	300
	Percent complete with respect to materials........	80%
	Percent complete with respect to conversion.....	35%
	Costs in the beginning inventory:
	Materials cost	$15,000
	Conversion cost	$20,000
	Units started into production during the month....	800
	Units completed and transferred out.....................	1,000
	Costs added to production during the month:
	Materials cost.....................................................	$55,000
	Conversion cost..................................................	$75,000
	Work in process, ending:
	Units in process..................................................	100
	Percent complete with respect to materials........	75%
	Percent complete with respect to conversion.....	30%

Required - Using the weighted-average method: SHOW YOUR WORK!

1. Determine the equivalent units of production for materials and conversion costs.

2. Determine the cost per equivalent unit for materials and conversion costs.

3. Determine the cost of units transferred out of the department during the month.

4. Determine the cost of ending work in process inventory in the department.