$8-45.$ Compute Costs per Equivalent Unit: Weighted$-$Average Method

$($ LO $8-3)$

Bellevue Chemicals had beginning work$-$in$-$process inventory of $$239,910$ on March $1.$ Of this amount, $$101,280$ was the cost of direct materials and $$138,630$ was the cost of conversion. The $24,000$ units in the beginning inventory were $45$ percent complete with respect to direct materials and $65$ percent complete with respect to conversion costs.

During March, $58,000$ units were transferred out and $14,000$ remained in ending inventory. The units in ending inventory were $70$ percent complete with respect to direct materials and $15$ percent complete with respect to conversion costs. Costs incurred during March amounted to $$820,800$ for direct materials and $$961,200$ for conversion.

Required

Compute the cost per equivalent unit for direct materials and for conversion costs for March using the weighted$-$average method.

$8-46.$ Assign Costs to Goods Transferred Out and Ending Inventory: Weighted$-$Average Method

Refer to the data in Exercise $8-45.$ Compute the costs of goods transferred out and the ending inventory for March using the weightedaverage method.

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