The ABC Chair Company uses standard costing in a process cost system. To produce its chairs, three raw materials are placed into production at different points during operations. Below is data pertaining to the standard materials cost of one unit: mki5

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Wood (2 planks at $5.07 each). Vinyl (1 yard at $.75 per yard) Foam (1 pound at $.39 per lb) $10.14 .75 .39 Total standard materials cost $11.28 Wood enters production at the beginning of the process, vinyl enters when units are 60% complete, and foam enters when units are 90% complete. During September, the following activity occurred: Purchases: Wood 50,000 planks at $5.00 each Vinyl. 9.000 yards at $1.00 per yard Foam 7,500 pounds at $ .43 per pound Materials requisitions: Wood.... Vinyl. Foam... 11,100 planks 5,015 yards 4,905 pounds Beginning units in process (Sept. 1) Actual units produced and completed...... 0 4,825