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On May 1, Adelphi Company had a work-in-process inventory of 20,000 gallons of a medicine....

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Accounting

On May 1, Adelphi Company had a work-in-process inventory of 20,000 gallons of a medicine. The gallons were 100% complete with respect to the infusion of raw material and 30% complete with respect to conversion to finished product. The cost of material already added in the beginning inventory was $30,000, and the conversion cost incurred so far on the beginning inventory was $1,850. During May, 140,000 new gallons were added to the process. The amount of raw material contained in these new raw gallons was $330,000. Also the company spent $503,750 for conversion during May.

At the end of the month, 150,000 gallons were completed and transferred to finished goods. The May 31 ending work-in-process inventory consisted of 10,000 gallons that were 100% complete with respect to the infusion of raw materials and 80% complete with respect to conversion. Using the weighted-average method, calculate: A. total equivalent gallons for material and conversion. B. the cost per equivalent unit for material and conversion. C. the cost transferred to finished goods. D. the cost of ending work in process.

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