Units in process in beginning inventory = 14,000

Percentages of completion

Materials 75%

Conversion 40%

Costs in beginning inventory

Materials $63,000

Conversion $67,200

New units started during the period = 66,000

Cost of materials added during the period = $393,000

Conversion costs added during the period = $832,800

Units completed and transferred = 70,000

Ending in process inventory percentages of completion

Materials 60%

Conversion 50%

Compute the average unit cost and determine the cost of the 70,000 units completed and transferred. (Weighted average method)