Kimbeth Manufacturing uses a process cost system to manufacture Dust Density for the mining industry. The following information pertains to operations for the month of May 2015:

Units

Beginning work-in-process, May 1 10,000

Started in production during May 90,000

Completed production during May 84,000

Ending work-in-process inventory, May 31 16,000

The beginning inventory was 50% complete for materials and 30% for conversion costs. The ending inventory was 60% complete for materials and 25% complete for conversion costs.

Costs pertaining to the month of May are as follows:

Beginning inventory costs are materials, $54,560; conversion costs $35,560.

Costs incurred during May are materials used, $468,000; conversion costs $574,040.

Requirement: Using the weighted-average method, calculate the following information from the data provided above:

1) equivalent units of production for materials and conversion costs for the month,

Equivalent units for: Materials _____________________ Conversion costs: __________________

-------------------------------------------------------------------------------------------------------------------------------------

2) the costs per equivalent unit for materials and conversion costs for the month,

Cost per equivalent unit for:

Materials _____________________

Conversion costs: __________________

----------------------------------------------------------------------------------------------------------------------------------------

3) the cost of ending work-in-process inventory and the cost of the units transferred out to the next department for the month of May:

Ending Work-in-process ______________________

Cost of units transferred to next department ________________