Skol Furniture company manufactures a standard recliner. During February, the firm's Assembly Department started production of 73,700 chairs. During the month, the firm completed 78,500 chairs, and transferred them to the Finishing Department. The firm ended the month with 11,200 chairs in ending inventory. There were 16,000 chairs in beginning inventory. All direct materials costs are added at the beginning of the production cycle and conversion costs are added uniformly throughout the production process. The FIFO method of process costing is used by Skol. Beginning work in process was 20% complete as to conversion costs, while ending work in process was 80% complete as to conversion costs. You are provided with the following information:

Beginning Inventory:

Direct materials $24,800

Conversion costs $35,900

Manufacturing costs added during the accounting period:

Direct materials $168,200

Conversion costs $278,400

Required:

Provide an answer for parts 1, 2 and 3 in the box provided. Round intermediary calculations to the nearest cent. Do not use any special characters ("$", ",", etc.) in your answer.

Part 1 (5 points): How many units were started and completed during February?

Part 1 Answer:

Part 2 (5 points): What were the total equivalent units for conversion costs during February?

Part 2 Answer:

Part 3 (5 points): What is the amount of direct materials cost assigned to ending work-in-process inventory at the end of February? (Round intermediary calculations to the nearest cent).