View Policies Current Attempt in Progress Sandhill Inc. manufactures a single product in a continuous processing environment. All materials are added at the beginning of the process, and conversion costs are incurred uniformly throughout the process. To assign costs to inventories, the company uses weighted-average process costing. The following information was available for 2022: Sales (selling price per unit, $41) $4,600,200 Actual manufacturing overhead 726,000 Selling and administrative expenses 360,800 Unit production costs: Direct materials (1 kilogram) $5.00 Direct labour (1/2 hour) 7.00 Manufacturing overhead 8.00 Total $20.00 Units completed and transferred to finished goods Materials purchased Materials used in process 154,000 units 137,500 kilograms 149,600 kilograms An inventory count at year end (December 31, 2022) revealed that the inventories had the following balances: Raw materials Work in process inventory (45% complete) Finished goods 8,800 kilograms 24,200 units 49,500 units The January 1, 2022, work in process inventory units are 70% complete. The unit cost of production was the same in 2022 as it was in 2021. Calculate the following amounts for Sandhill Inc.: The opening (January 1, 2022) balance in units and costs of (1) raw materials, (2) work in process inventory, and (3) finished goods (1) Opening Balance - Raw Materials (2) Opening Balance-Work in Process Inventory (3) Opening Balance - Finished Goods Units Cost The equivalent units of production for 2022 for (1) materials and (2) conversion costs Direct Materials Equivalent units of production for 2022 The total cost for 2022 for (1) materials used and (2) conversion applied Direct Materials Conversion Total cost for 2022 Conversion The cost of ending work in process inventory for 2022 Cost assigned to ending work in process inventory The cost of units completed and transferred to finished goods Cost of units completed and transferred to finished goods