On June 1, Dandy Company had a work-in-process inventory of 10,000 units. The units were 100% complete for material and 30% complete for conversion, with respective costs of $113,000 and $27,500. Dandy uses the weighted-average method (like we did in the class). During the month, 150,000 units were completed and transferred to finished goods. The June 30 ending work-in-process inventory consisted of 25,000 units that were 100% complete with respect to materials and 80% complete with respect to conversion. Costs added during the month were $690,000 for materials and $1,400,000 for conversion.
What is the cost per equivalent unit for material and conversion?
What is the cost transferred to finished goods during June?
What is the cost of ending work in process on June 30?