Calculating unit costs; units gained in production}

A company manufactures a liquid product called Glitter. The basic ingredients are put into process in Department 1. In Department 2, other materials are added that increase the number of units being processed by \(50 \%\). The factory has only two departments.

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Production Summary Started in process ** Dept. 1 18,000 Units Dept. 2 14,000 Received from prior department Added to units in process Finished and transferred In process, end of month Stage of completion-materials, labor, and factory overhead Cost Summary Materials Labor Factory overhead... 7,000 14,000 15,000 4,000 6,000 1/4 1/2 $90,000 $36,000 30,000 13,500 15,000 4,500 Calculate the following for each department: (a) unit cost for the month for materials, labor, and factory overhead, (b) cost of the units transferred, and (c) cost of the work in process.