1. Assume the following:

Beginning finished goods inventory $ 7,700

Ending finished goods inventory $ 14,000

Underapplied overhead $ 3,000

Adjusted cost of goods sold $ 53,000

What is the cost of goods manufactured?

2. Assume the following information:

Milling Department Units Percent Complete

Materials Conversion

Beginning work in process inventory 300 45% 30%

Units started into production during March 6,100

Units completed during March and transferred to the next department 5,800 100% 100%

Ending work in process inventory 600 60% 25%

Using the weighted-average method, what is the equivalent units of production for conversion?