TB Problem 3-122 (Algo) Kramer Corporation began the current period...

Kramer Corporation began the current period with 4,160 units in process that were 100% complete as to materials and 60% complete as to conversion. Costs of $7,550 in direct materials and $4,870 in conversion costs were incurred in manufacturing those units in the previous period. Kramer ended the current period with 21,100 units completed and 5,050 units still in process. Work in process was 100% complete as to materials and 70% complete as to conversion costs. Kramer incurred $67,900 in direct materials costs, $7,070 in direct labor costs, and $41,600 in manufacturing overhead costs during the period.

Required:

a. Using the weighted-average method, compute the equivalent units of production for materials.

b. Using the weighted-average method, compute the equivalent units of production for conversion.

c. Using the weighted-average method, compute the cost per equivalent unit for materials.

Note: Round your answer to 2 decimal places.

d. Using the weighted-average method, compute the cost per equivalent unit for conversion.

Note: Round your answer to 2 decimal places.

e. Using the weighted-average method, compute the cost assigned to ending Work in Process Inventory.

Note: Round your intermediate calculations to 2 decimal places.

f. Using the weighted-average method, compute the cost assigned to goods completed and transferred out.

Note: Round your intermediate calculations to 2 decimal places.

a. Equivalent Units

b. Equivalent Units

c. Cost per Equivalent Unit

d. Cost per Equivalent Unit

e. Cost Assigned

f. Cost Assigned