QUESTION 1

1.New Image Sports uses a WEIGHTED AVERAGE process-costing system. For March, the company had the following activities:

Beginning work-in-process inventory6,000 units

Units placed in production24,000 units

Units completedand Transferred Out25,000 units

Cost of beginning work in process -Materials$ 3,000

Cost of beginning work in process- Conversion Costs$ 2,000

Direct material costs added inMarch$18,000

Conversion costs added inMarch$13,750

Direct materials are placed into production at the beginning of the process. Ending Work in Processis 60% completed as to conversion costs.

1. The Total Equivalent Units would be _______for Direct Materials and_________for Conversion Costs.

2. The Cost per Equivalent Unit would be __________for Direct Materials and_________for Conversion Costs.Round Conversion Costs to 4decimals.

3.The Total Cost ofthe 25,000 units completed and transferred out is __________.

4.The Total Cost of Ending Work In Process is____________of whichis Direct Materials andis Conversion Costs.