Question 6 - Halsey Company makes small sailboats. During the most recent month, the following activity was recorded in the Hull Fabrication Department for conversion costs.

Work in process, beginning (80% complete).................	15,000	units
Units started into production.............................................	180,000	units
Units transferred to the next department........................	175,000	units
Work in process, ending (30% complete).......................	20,000	units
Conversion Costs:
Work in process, beginning...............................................	$24,000
Conversion costs incurred during the month.................	$338,000

Required

Assuming that the company uses the weighted average method:

1. Compute the equivalent units of production
2. Compute the cost per equivalent unit
3. Compute the cost of units in ending work in process inventory
4. Compute the cost of the units transferred out