Blossom Inc. manufactures a single product in a continuous processing environment. All materials are added at the beginning of the process, and conversion costs are incurred uniformly throughout the process. To assign costs to inventories, the company uses weighted$-$average process costing.

The following information was available for $2022$:

Sales $($selling price per unit, $$40)$

$$4,568,000$

Actual manufacturing overhead

$739,200$

Selling and administrative expenses

$367,360$

Unit production costs:

Direct materials $(1$ kilogram$)$

$$7\mathrm{.}00$

Direct labour $(1/2$ hour$)$

$9\mathrm{.}00$

Manufacturing overhead

$10\mathrm{.}00$

Total

$$26\mathrm{.}00$

Units completed and transferred to finished goods $156,800$ units

Materials purchased $140,000$ kilograms

Materials used in process $152,320$ kilograms

An inventory count at year end $($December $31,2022)$ revealed that the inventories had the following balances:

Raw materials

$8,960$ kilograms

Work in process inventory $(45\%$ complete$)$

$24,640$ units

Finished goods

$50,400$ units

The January $1,2022,$ work in process inventory units are $70\%$ complete. The unit cost of production was the same in $2022$ as it was in $2021.$

Calculate the following amounts for Blossom Inc.:

$($a$)$

Your answer is partially correct.

The opening $($January $1,2022)$ balance in units and costs of $(1)$ raw materials, $(2)$ work in process inventory, and $(3)$ finished goods

Units

Cost

$(1)$

Opening Balance $-$ Raw Materials

enter a number of units Correct answer $enter a dollar amount Correct answer

$(2)$

Opening Balance $-$ Work in Process Inventory

enter a number of units $enter a dollar amount

$(3)$

Opening Balance $-$ Finished Goods

enter a number of units $enter a dollar amount b$)$ Find the equivilent units of production for $2022$ for $(1)$ materials and $(2)$ conversion costs c$)$ Find the total cost for $2022$ for $(1)$ materials used and $(2)$ conversion applied d$)$ Find the cost of ending work in process inventory $2022$ e$)$ Find the cost of units completed and transferred to finished goods