Part 3: Process Costing--Weighted Average (30 points)

Davies Manufacturing uses the weighted average method in its operations and shows the following information for its first processing department:

		Percent Complete
	Units	Materials	Conversion
Work in process, beginning	300	85%	40%
Started into production	9,100
Completed and transferred out	8,700
Work in process, ending	700	80%	20%
		Materials	Conversion
Work in process, beginning		$ 7,545	$ 4,900
Cost added during August		$ 240,300	$242,400

Required. You must show computations to receive credit.

A. Determine the equivalent units of production for materials and conversion costs.

B. Determine the cost per equivalent unit for materials and conversion costs.

C. Determine the cost of ending work in process inventory.

D. Determine the cost of units transferred out of the department during the month.