Work in process, December $31($materials $100\%$ complete; conversion $50\%$ complete$)$

Finished goods, December $31$

$41,000$

Costs

Units

$$76,000$

$46,000,$$$129,500$

There were no finished goods inventories at the beginning of the year. The company uses the weightedaverage method of process costing. There is only one processing department.

A review of the company's inventory and cost records shows the following:

Required:

Determine the equivalent units and the costs per equivalent unit for materials and conversion for the year. $($Round your "Cost per equivalent unit" answers to $2$ decimal places.$)$

$\backslash$table$[[,$Materials,Conversion$],[$Equivalent units of production,,$1,000,,360,500],[$Cost per equivalent unit,$$,0\mathrm{.}91,$$$,2\mathrm{.}58]]$

Determine the amount of cost that should be assigned to the ending work in process and finished goods inventories.

$\backslash$table$[[,$Materials,Conversion,Total,,$],[$Cost of ending work in process inventory,$$,37,310,$$$,52,890,$$$,90,200],[$Cost of finished goods inventory,$$,764,400,$$$,2,167,200,$$$,2,931,600$