Toxo Chemicals Produces a Solvent in Its Glendale Plant Toxo Completed 98,000 Gallons During the Month

Toxo Chemicals produces a solvent in its Glendale plant.Three chemicals are combined at the start of the process and blended under pressure for a period of time.At the 75% point of completion,an additional chemical is added.The following information has been gathered:
$$\begin{array} { | l | r | r | r | r | } \hline & \begin{array} { r } \text { Chemical } \\\text { Mik }\end{array} & \begin{array} { r } \text { Additional } \\\text { Chemical }\end{array} & \begin{array} { r } \text { Conversion } \\\text { Cost }\end{array} & \text { Gallons } \\\hline \text { BWIP } & \$ 5,000 & - 0 - & \$ 3,000 & 10,000 \\\hline \text { Added } & 65,000 & 15,000 & 35,000 & 100,000 \\\hline\end{array}$$
Toxo completed 98,000 gallons during the month.The process engineer informs you that the beginning WIP was at the 30% completion point,the ending WIP is at 70%.Toxo uses weighted-average costing.Required:
(HINT: use 4 decimal places in your calculations)
a.Compute the equivalent units of production for each input.b.Compute the cost per unit.c.Compute the cost transferred out to finished goods.d.Compute the ending work-in-process inventory balance.