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Selected data relating to the Weaving Department during May are given below: Production data: Kilograms in process, May 1 ( materials 1 0 0 %

Selected data relating to the Weaving Department during May are given below:
Production data:
Kilograms in process, May 1(materials 100% complete; conversion 80% complete)116,000
Kilograms started into production during May 386,000
Kilograms completed and transferred to Coating ?
Kilograms in process, May 31(materials 65% complete; conversion 30% complete)60,000
Cost data:
Work in process inventory, May 1:
Materials cost $ 56,840
Conversion cost $ 102,080
Cost added during May:
Materials cost $ 568,460
Conversion cost $ 321,120
The company uses the weighted average method.
1. Compute the equivalent units of production.
Materials Conversion
Equivalent units of production ??
2. Compute the costs per equivalent unit for May. (Round your answers to 2 decimal places.)
Materials Conversion
Cost per equivalent unit ??
3. Determine the cost of ending work in process inventory and of the units transferred to the Coating Department. (Round intermediate calculations to 2 decimal places, and final answers to the nearest whole dollar.)
Materials Conversion Total
Cost of ending work in process inventory ???
Cost of units completed and transferred out ???
4. Prepare a cost reconciliation between the costs determined in (3) above and the cost of beginning inventory and costs added during the period. (Round intermediate calculations to 2 decimal places, and final answers to the nearest whole dollar.)
Cost Reconciliation
Costs to be accounted for:
Cost of beginning work in process inventory $158,920 correct answer
Costs added to production during the period 889,580 correct answer
Total cost $1,048,500
Costs accounted for as follows:
Transferred to the Coating Department ?
Work in process, May 31
Materials ?
Conversion ?
Total ending Work in process ?
Total cost ?

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