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

The following information was available for 2016:

Sales (selling price per unit, $40)

$4,080,000

Actual manufacturing overhead

660,000

Selling and administrative expenses

328,000

Unit costs of production:

Direct materials (1 kilogram)

$ 6.00

Direct labour (1/2 hour)

8.00

Overhead

9.00

Total

$23.00

Units transferred to finished goods140,000 units

Materials purchased125,000 kilogramsMaterials used in process136,000 kilograms

An inventory count at year end (December 31, 2016) revealed that the inventories had the following balances:

Raw materials

8,000 kilograms

Work in process (45% complete)

22,000 units

Finished goods

45,000 units

The January 1, 2016, work in process units are 70% complete. The unit cost of production was the same in 2016 as it was in 2015.

Calculate the following amounts for Passera Inc.:

The opening (January 1, 2016) balance in units and costs of (1) raw materials, (2) work in process, and (3) finished goods.

UnitsCost(1)Opening Balances Raw Materials

$

(2)Opening Balances Work in Process

$

(3)Opening Balances Finished Goods

$

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The equivalent units for 2016 for (1) materials and (2) conversion costs.

MaterialConversionEquivalent units for 2016

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The total cost for 2016 for (1) materials used and (2) conversion applied.

MaterialConversionTotal cost for 2016

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The cost of ending work in process for 2016.

Cost assigned to ending work in process

$

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The cost of units completed and transferred to finished goods.

Cost of units completed and transferred to finished goods$