1.Unit Cost and Cost Assignment, Nonuniform Inputs

Loran Inc. had the following equivalent units schedule and cost for its fabrication department during September:

Materials

Conversion

Units completed

180,000

180,000

Add: Units in ending WIP x Fraction complete

79,000

50,560

(79,000 x 64%)

Equivalent units of output

259,000

230,560

Costs:

Work in process, September 1:

Materials

$147,000

Conversion costs

7,875

Total

$154,875

Current costs:

Materials

$1,139,000

Conversion costs

449,890

Total

$1,588,890

Required:

1.Calculate the unit cost for materials, for conversion, and in total for the fabrication department for September. If required, round your answers to the nearest cent.

Unit materials cost

$fill in the blank 1

Unit conversion cost

$fill in the blank 2

Total unit cost

$fill in the blank 3

2.Calculate the cost of units transferred out and the cost of EWIP. Round unit cost value to the nearest cent in intermediate calculations. If required, round final answers to the nearest dollar.

Cost transferred out

$fill in the blank 4

Cost of ending work in process

$fill in the blank 5