Production costs chargeable to the Finishing Department in June in Hollins Company are materials $12,000, labor $29,500,

Question:

Production costs chargeable to the Finishing Department in June in Hollins Company are materials $12,000, labor $29,500, and overhead $18,000. Equivalent units of production are materials 20,000 and conversion costs 19,000. Compute the unit costs for materials and conversion costs.

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