Timekeeper Inc. manufactures clocks on a highly automated assembly line. Its costing system uses two

cost categories, direct materials and conversion costs. Each product must pass through the Assembly

Department and the Testing Department. Direct materials are added at the beginning of the production

process. Conversion costs are allocated evenly throughout production. Timekeeper Inc. uses weighted$-$

average costing.

Data for the Assembly Department for June $2017$ are:

Work in process, beginning inventory

$310$ units

Direct materials complete$)$

Conversion costs $(50\%$ complete$)$

Units started during June

$1040$ units

Work in process, ending inventory:

$160$ units

Direct materials complete$)$

Conversion costs $(70\%$ complete$)$

Costs for June $2017$:

Work in process, beginning inventory:

Direct materials $$92,000$

Conversion costs $$139,000$

Direct materials costs added during June $$601,500$

Conversion costs added during June $$404,000$

Compute the following using FIFO method:

a$)$ Units completed and transferred out.

b$)$ Total cost to account for.

c$)$ Equivalent units with respect to direct materials and conversion costs.

d$)$ Cost per direct materials equivalent units and cost per conversion cost equivalent units.

e$)$ Total cost assigned to units completed and transferred out.

f$)$ Total cost assigned to units in ending inventory.