Marsa Co. uses a weighted average process costing system. The following data are for the production department for the month of February.

The February ending work-in-process inventory was 75% complete with respect to both materials and conversion costs.

REQUIRED

A. What is the number of units in the February ending work-in-process inventory, assuming that 30,000 units were transferred out?
B. Assume that 30,000 units were transferred out and the number of units in the February ending work-in-process inventory was 8,000. What is the equivalent number of units produced for materials for the month of February?
C. Assume that the equivalent number of units produced for materials for the month of February was 35,550. What is the unit cost of production for February (rounded to the nearest cent)?

Transcribed Image Text:

Materials Conversion Units (% complete) (% complete) $4,800 (60%) Work in process, beginning 2,000 $4,500 (60%) Units started into production Costs added in February 34,000 $70,000 $70,000