Telemark-Kjemi AS manufactures an industrial solvent in two departments - mixing and cooking. This question focuses on the Cooking Department. During June 2007, 90 tones of solvent were completed and transferred out from the Cooking Department. Direct materials are added at one point in time during the process. Conversion costs are added uniformly during the process. Telemark-Kjemi uses the weighted-average process-costing method. The following information about the actual costs for June 2007 is available.

Required
1. Calculate the equivalent tones of solvent completed and transferred out and in closing work in progress for each cost element.
2. Calculate cost per equivalent unit for opening work in progress and work done in current period.
3. Summaries total costs to account for and assign these costs to units completed (and transferred out) and to units in closing work in progress using the weighted-average method.

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Transferred-in costs Direct materials Conversion costs Equivalent Tota Equivalent Tot Equivalent Total tonnes costs tonnes costs tonnes costs Work in progress, 40 NKr 40000 0 NKr 0 30 NKr 18 000 une Work done in June 2007 Completed in June 2007 80 NKr 87 200 90 NKr 36000 75 NKr 49 725 Work in progress, 30 June