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Paradise Inc. uses the weighted-average method in its process costing system. The following data concern the operations of the company's first processing department - Cutting

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

Work-in-process, beginning:

Units in process

100

Percent complete with respect to materials

70

%

Percent complete with respect to conversion

80

%

Costs in the beginning inventory:

Materials cost

$

525

Conversion cost

$

1,696

Units started into production during the month

11,000

Units completed and transferred out

10,700

Costs added to production during the month:

Materials cost

$

83,405

Conversion cost

$

223,606

Work-in-process, ending:

Units in process

400

Percent complete with respect to materials

50

%

Percent complete with respect to conversion

20

%

Required: Using the weighted-average method:

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

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

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

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

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