The TAA Corporation manufacturers a product for which all materials are added at the beginning of the manufacturing process. A review of the companys inventory and cost records for the most recently completed year revealed the following information:

		Units	Materials	Conversion
	Work in process, Jan. 1 (80% complete with respect to conversion costs)	100,000	$100,000	$157,500
	Units started into production	500,000
	Costs added during the year		$650,000	$997,500
	Units completed during the year	450,000

The company uses the weighted-average costing method in its process costing system. The ending inventory is 100% complete with respect to material and 50% with respect to conversion costs.

Required:

1. Compute the equivalent units of production and the cost per equivalent units for materials and for conversion costs.
2. Determine the cost of units transferred to finished goods.
3. Determine the amount of cost that should be assigned to the ending work in process inventory.2