12. On September 1, 2020, the refining dept. of Samson Steel Co. had 34,000 units of steel in beginning Work in Process (WIP) Inventory that were 20% complete for conversion costs During September, 204,000 units were completed. An ending WIP Inventory count on September 30 showed 19,000 units of steel that were 60% complete for conversion costs. Assume all direct materials (DM) costs are added at the beginning of the refining process. Total manufacturing (DM-DL+FO) costs incurred in September were $1,479,000. The total manufacturing costs included Conversion costs $679,000 a) Calculate direct materials cost per equivalent unit in September 2020 (round to 80.00). b) Calculate conversion cost per equivalent unit in September 2020 (round to $0.00). 13. A manufacturing company applies factory overhead cost based on a percentage of direct labor costs. At the beginning of the year, it estimated that annual factory overhead costs would be $468,000 and annual direct labor costs would be $260,000 Actual factory overhead costs incurred for the year were $411,500, and actual direct labor cost was $228,000. Calculate the amount of over applied or under applied factory overhead cost at the end of the year. 14. On December 31, 2019, Simon Industries' partially completed jobs cost $48,500. At the beginning of 2019. partially completed jobs cost $24,000. During the year 2019, the product (DM, DL & FO) costs incurred to complete all jobs was $223,000. If 2019 beginning finished goods inventory was 565,000 and ending finished goods inventory in 2019 was $29.000, calculate the cost of completed jobs that were sold during the year ended December 31, 2019. 15. In a process cost system, 6,780 units of product are first processed in Department F with total product cost (DM, DL and FO) $82,000. The 6,780 units are then completed and packaged for shipment to customers in Department Gat additional product cost of $38,000 a) Prepare the journal entry for the transfer of product cost from Department F to Dept. G. b) Prepare the journal entry for the transfer of finished product cost from Department G to Finished Goods Inventory