3. Tiny Villages Inc. uses the weighted-average method in its process costing system. The following data concern the operations of the company's first processing department, Extruding, for a recent month.

(10 Points)

Work-in-process, beginning:
Units in process		300
Percent complete with respect to materials		80	%
Percent complete with respect to conversion		70	%
Costs in the beginning inventory:
Materials cost	$	1,368
Conversion cost	$	8,064
Units started into production during the month		11,000
Units completed and transferred out		11,000
Costs added to production during the month:
Materials cost	$	64,948
Conversion cost	$	412,179
Work-in-process, ending:
Units in process		300
Percent complete with respect to materials		80	%
Percent complete with respect to conversion		10	%

Required:

Using the Weighted-Average method:

1. Determine the equivalent units of production for materials and conversion costs.

EUP for Materials = _____________

EUP for Conversion = ___________

b. Determine the cost per equivalent unit for materials and conversion costs.

Cost per EUP for Materials = ___________ (round to the nearest cent)

Cost per EUP for Conversion = __________ (round to the nearest cent)

c. Determine the cost of ending work-in-process inventory.

END WIP $ for Materials = _____________

END WIP $ for Conversion = ___________

TOTAL END WIP $ = _________________

d. Determine the cost of units transferred out of the department during the month.

Transferred $ for Materials = _____________

Transferred $ for Conversion = ___________

TOTAL END WIP $ = _________________