Manufacturing Costs: Beginning work in process, $35,100, comprised of $21,100 of materials and $14,000 of conversion costs. Materials added $68,000; labor and overhead added $56,200. (a) Required: Compute equivalent units of production for (1) materials and (2) conversion costs. Materials Conversion (b) Assume your answers to (a) above were 49,500 units for materials and 46,800 for conversion costs. Required: Compute the unit costs for the month. Materials Conversion (c) Assume your answers to (b) above were $1.50 for materials and 50,80 for conversion costs. Required: Determine the costs to be assigned to the units transferred out. (d) Assume the same unit costs as given in (c) above. Required: Determine the costs assigned to the 9,000 units in ending work in process.
