Funnifaces, Inc., manufactures various Halloween masks. Each mask is shaped from a piece of rubber in the molding department. The masks are then transferred to the finishing department where they are painted and have elastic bands attached. In April, the molding department reported the following data:

a. In molding, all materials are added at the beginning of the process.

b. Beginning work in process consisted of 6,000 units, 20 percent complete with respect to direct labor and overhead. Cost in beginning inventory included direct materials, $1,800; and conversion costs, $552.

c. Costs added to production during the month were direct materials, $3,800; and conversion costs, $8,698.

d. At the end of the month, 18,000 units were transferred out to finishing. Then 2,000 units remained in ending work in process, 25 percent complete.

Required:

1. Prepare a physical flow schedule.

2. Calculate equivalent units of production for direct materials and conversion cost.

3. Compute unit cost.

4. Calculate the cost of goods transferred to finishing at the end of the month.

Calculate the cost of ending inventory. LO3