Production and cost data for the month of February for Process A of the Packer Manufacturing Company:

Production record:

Units in process, February 1

(100% complete with respect to materials;

25% complete with respect to conversion cost)

2,000

New units started in process

8,000

Units completed

7,000

Units in process, February 28

(100% complete with respect to materials;

1/3 complete with respect to conversion cost)

3,000

Cost record

:

Work in process inventory, February 1:

Materials

$600

Conversion

100

$ 700

Costs for February:

Materials issued

2,560

Conversion

1,500

Total cost to be accounted for

$

4,760

The company uses the

weighted

-

average cost method in its process costing system.

Required:

a. Calculate the equivalent units and unit costs for February for materials and for conversion costs.

(6 marks)

b. Determine the cost transferred to finished goods.

(2

marks)

c. Determine the amount of cost that should be assigned to the ending work in process and finished goods

inventories.

(2 marks)