Tandy Leather Company manufactures leather gloves. The gloves are produced in a single, continuous process in the Minneapolis Plant. During the process, leathers are sewn, punched, and dyed. The gloves then enter a final finishing stage to conclude the process. Labor and overhead are applied continuously during the manufacturing process. All materials are introduced at the beginning of the process. The firm uses the weighted-average method to calculate its unit costs.

Production Data, March 1:

Work in process inventory: 400 units (degree of completion: conversion costs, 25%)

Cost Data, March 1:

Work in process inventory: Materials cost $ 1,250 Conversion cost 300

During March, 7,600 leathers were placed into production. A total of 7,000 leather gloves were completed. The work-in-process inventory on March 31 consisted of 1,000 leathers, which were 50 percent completed as to conversion.

The costs charged to production during March were as follows:

Materials cost $25,150 Conversion cost 20,700

1. Determine the cost of ending work in process inventory (5 points).
2. Determine the cost of the units completed and transferred out (5 points).