1. Formulate a unique business idea and state the mission and vision statements 2. write a short abstract describing your business idea
i. what is the basic idea?
ii. who are your targeted customers?
iii. outline how you intend to make money
iv. who are your competitors

The cost of the beginning work in process inventory was comprised of $3,000 of direct materials, $10,000 of direct labor, and $10,000 of factory overhead. costs incurred during the period were comprised of $15,000 of direct materials costs, and $100,000 of conversion costs. the equivalent units of production (eup) for the period were 9,000 for direct materials and 6,000 for conversion. the costs per eup were: