The following information pertains to operations for the month of May

Percentage Complete

Units Direct Materials Conversion

Beginning

beginning Work in Process

Inventory, May 118,000 60% 20%

Started in production during May 100,000

Ending Work in Process Inventory24,000 90% 40%

Beginning Work in Process Inventory Costs:

Material$54,560

Conversion35,560

Current Period Costs:

Material$477,200

Conversion560,140

Using he weighted-average method, answer the following questions:

1. How many units were completed and transferred to finished goods?

2. What are the total equivalent units for each cost component?

3. What is the cost per equivalent unit for each cost component?

4. What is the cost transferred to Finished Goods Inventory?

5. What is the cost of ending WIP inventory?

6. If there was no beginning finished goods inventory for May and 87,000 units were sold in May how much is COGS?