The Polishing Department of Major Company has the following production and manufacturing cost data for September. Materials are entered at the beginning of the process. Production: Beginning inventory 1,520 units that are 100% complete as to materials and 30% complete as to conversion costs; units started during the period are 41,300; ending inventory of 7,400 units 10% complete as to conversion costs.
Manufacturing costs: Beginning inventory costs, comprised of $21,600 of materials and $12,320 of conversion costs; materials costs added in Polishing during the month, $181,795; labor and overhead applied in Polishing during the month, $127,700 and $257,740, respectively.
Compute the equivalent units of production for materials and conversion costs for the month of September
Materials Conversion Costs
The equivalent units of production enter a number of units enter a number of units
Compute the unit costs for materials and conversion costs for the month. (Round unit costs to 2 decimal places, e. g. 2.25.)
Materials Conversion Costs
Unit costs $enter a dollar amount rounded to 2 decimal places $enter a dollar amount rounded to 2 decimal places
Determine the costs to be assigned to the units transferred out and in process. (Round unit costs to 2 decimal places, e. g. 2.25 and final answers to 0 decimal places, e. g. 1,225.)
Transferred out $enter a dollar amount rounded to 0 decimal places
Ending work in process $enter a dollar amount rounded to 0 decimal places