One department of Wamego Technology Company manufactures basic handheld calculators. Various materials are added at different stages of the process.

The outer front sheet and the carrying case, which represent 10 percent of the total material cost, are added at the final step of the assembly process. All other materials are considered to be “in process” by the time the calculator reaches a 50 percent stage of completion.

During 2006, 74,000 calculators were started in production. At year-end, 6,000 calculators were in various stages of completion, but all of them were beyond the 50 percent stage and on the average they were regarded as being 70 percent completed.

The following costs were incurred during the year: direct materials,

$205,520; conversion costs, $397,100.

1. Prepare a schedule of physical units and equivalent units.

2. Tabulate the unit costs, cost of goods completed, and cost of ending work-in-process.