Sierra Co. has provided the following information:
Work in Process: Feb 1 26,400 units
(100% complete for materials, 60% complete for conversion) Materials $ 36,800 Conversion $ 6,700 Units started 80,200 units
February costs Materials $ 134,000 Conversion $ 242,000 Work in Process: Feb 28 17,000 units
(100% complete for materials, 20% complete for conversion) 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 units. material and conversion
c. Calculate the cost per equivalent unit. (Round your intermediate calculations and final answers to 4 decimal places.) direct material and conversion
e. Calculate the cost of the ending Work in Process. (Round your intermediate calculations to 4 decimal places and final answer to the nearest whole dollar amount.)
d. What is the dollar amount transferred to Finished Goods? (Round your intermediate calculations to 4 decimal places and final answer to the nearest whole dollar amount.)