with solution

Case 1 Ridgeway Co. has provided the following information: 4,000 units $16,700 $17,000 81,000 units Work in Process: April 1 (100% complete for materials, 90% complete for conversion) Materials Conversion Units started February costs Materials Conversion Work in Process: April 30 (70% complete for materials, 10% complete for conversion) $349,650 $375,375 11,000 units Using the weighted average method of process costing, complete each of the following: a. How many units were completed and transferred to Finished Goods? b. Calculate equivalent uni c. Calculate cost per equivalent unit. Round your answers to four decimal places. d. What is the dollar amount transferred to Finished Goods? Round your answer to a whole dollar amount. e. Calculate the cost of the ending Work in Process. Round your answer to a whole dollar amount. Case 2 25,000 units Sierra Co. has provided the following information: Work in Process: Feb 1 (100% complete for materials, 60% complete for conversion) Materials Conversion Units started February costs Materials Conversion Work in Process: Feb 28 (100% complete for materials, 20% complete for conversion) $35,000 $43,000 80,000 units $120,000 $234,000 15,000 units Using the FIFO method of process costing, complete each of the following: a. How many units were completed and transferred to Finished Goods? b. Calculate equivalent units. c. Calculate cost per equivalent unit. d. What is the dollar amount transferred to Finished Goods? e. Calculate the cost of the ending Work in Process