Nour Company manufactures plastic reusable water bottles for Aayan Company and uses the weighted average process costing method to cost the bottles. This question relates to process 2. Process 2 receives the manufactured plastic bottles from process1, and adds to it a holder, a strap, and the bottle top. These are the three direct materials added in process 2.

The following information relates to process 2:

Holder- added at the start of the second process

Strap- added at 50% completion level of the second process

Bottle Top- added at the end of the second process

Beginning Balance on January 1:

10,000 bottles that were 60% complete:

$4,500 Transferred In

$3,000 Holder

$8,000 Strap

$ - Bottle Top

$11,000 Conversion Cost

Transferred in from Process 1 in January:

90,000 bottles $56,000

Ending balance on January 31:

8,000 bottles that were 90% complete

Cost incurred in January:

Holder $30,000

Strap $58,000

Bottle Top $81,600

Conversion Cost $98,120

Please answer the following questions:

1. Calculate the equivalent units of bottles completed and transferred out (C&T)
2. Calculate the total ending units of conversion
3. Calculate the cost of the bottles completed and transferred out during January
4. Calculate the cost of ending work in process