Sierra Co. has provided the following information: Work in Process: Feb 1 26,300 units (100% complete for materials, 60% complete for conversion) Materials. Conversion Units started. 80,700 units February costs Materials Conversion Work in Process: Feb 28 16,700 units (100% complete for materials, 20 complete for conversion) Required: Using the FIFO method of process costing, complete each of the following: a. How many units were completed and transferred to Finished Goods? Units completed and transferred Units b. Calculate equivalent units. Materials Conversion Equivalent Units c. Calculate cost per equivalent unit. (Round the intermediate calculations and final answer to 2 decimal places.) Cost per Equivalent Unit $ 36,200 $ 43,100 $134,000 $244,000 b. Calculate equivalent units. Materials Conversion Equivalent Units c. Calculate cost per equivalent unit. (Round the intermediate calculations and final answer to 2 decimal places.) Cost per Equivalent Unit d. What is the dollar amount transferred to Finished Goods? (Round your cost per equivalent to 2 decimal places. Round your final answer to nearest whole dollar amount.) Transferred to Finished Goods e. Calculate the cost of the ending Work in Process. (Round your cost per equivalent to 2 decimal places. Round your answer to the nearest whole dollar amount.)
