Kirkland Company manufactures a product for which materials are added at the beginning of the manufacturing process. A review of the company's inventory and cost records for the most recently...

Kirkland Company manufactures a product for which materials are added at the beginning of the manufacturing process. A review of the company's inventory and cost records for the most recently completed year revealed the following information:

units
materials
conversion

Work in process, Jan 1

80% complete with respect

to conversion costs                 100,000         100,000           157,500

units started into production   500,000

costs added during the year:

materials                                                        650,000

conversion                                                                              997,500

units completed during the year   450,000

The company uses the weighted-average method in its process costing system. The ending inventory is 50% complete with respect to conversion costs.

Required:
a) Compute the equivalent units of production and the cost per equivalent units for materials and for conversion costs.
b) Determine the cost transferred to finished goods.
c) Determine the amount of cost that should be assigned to the ending work-in-process inventory.