Example Ltd uses process costing. Material is introduced at the start of all processes and conversion costs are applied uniformly throughout. Data pertaining to one department for March are as follows:

Opening work in process: units that are converted, comprising materials $ and conversion cost $

Units started during the period:

Closing work in process: units that are complete

Materials costs incurred during the period: $

Conversion costs incurred during the period: $

Required:

Using the weightedaverage method, calculate the following for the department:

The cost per equivalent unit.

The cost of goods completed and transferred out of the department during March.

The cost of the March work in process inventory in the department.