Question A:

The costs per equivalent unit of direct materials and conversion in the Bottling Department of Rocky Springs Beverage Company are $1.25 and $0.65, respectively. The equivalent units to be assigned costs are as follows:

	Equivalent Units
	Direct Materials		Conversion
Inventory in process, beginning of period	0		2,500
Started and completed during the period	50,000		50,000
Transferred out of Bottling (completed)	50,000		52,500
Inventory in process, end of period	5,000		2,500
Total units to be assigned costs	55,000		55,000

The beginning work in process inventory had a cost of $1,550. Determine the cost of completed and transferred-out production and the ending work in process inventory. If required, round to the nearest dollar.

Completed and transferred-out production	$
Inventory in process, ending	$

Question B:

Dividing Partnership Net Income

Required:

Steve Conyers and Chelsy Poodle formed a partnership, dividing income as follows:

1. Annual salary allowance to Poodle of $170,500.
2. Interest of 6% on each partner's capital balance on January 1.
3. Any remaining net income divided to Conyers and Poodle, 1:2.

Conyers and Poodle had $77,600 and $75,000, respectively, in their January 1 capital balances. Net income for the year was $310,000. How much is distributed to Conyers and Poodle?

Note: Compute partnership share to two decimal places. Round final answers to the nearest whole dollar. Conyers: $ Poodle: $

PS: 48144(Conyers) and 261896(Poodle) - are not the correct answer and I need the correct answer. thank you