TRANSFERRED-IN COST Golding’s finishing department had the following data for the month of July:

Transferred-In Materials Conversion Units transferred out 60,000 60,000 60,000 Units in EWIP 15,000 15,000 9,000 Equivalent units 75,000 75,000 69,000 Costs:

Work in process, July 1:

Transferred-in from fabricating $ 2,100 Materials 1,500 Conversion costs 3,000 Total $ 6,600 Current costs:

Transferred-in from fabricating $30,900 Materials 22,500 Conversion costs 45,300 Total $98,700 Required:

. Calculate unit costs for the following categories: transferred-in, materials, and conversion.

. Calculate total unit cost.

Exercise