Weighted Average Method, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process

Holmes Products, Inc., produces plastic cases used for video cameras. The product passes through three departments. For April, the following equivalent units schedule was prepared for the first department:

Conversion

Direct Materials

Costs

Units completed

$25,000$

$25,000$

Units, ending work in process $x$

Percentage complete:

$8,000100\%$

$8,00050\%$

Equivalent units of output

$33,000$

$[4,000],[29,000]$

Costs assigned to beginning work in process: direct materials, $$90,000$; conversion costs, $$33,750.$ Manufacturing costs incurred during April: direct materials, $$75,000$; conversion costs, $$220,000.$ Holmes uses the weighted average method.

Required:

Compute the unit cost for April. If required, round your answer to the nearest cent. per equivalent unit

Determine the cost of ending work in process and the cost of goods transferred out.

Cost of ending work in process

Cost of goods transferred out