2. Determine the cost of goods sold (indicate the number of units and unit costs).

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Statement of equivalent production Equivalent units Units Whole units Direct Materials Direct labor Factory overhead 12,000 Units charged to production: Work in process, May 1 Direct materials transferred from Baking Total units accounted for by the mixing department 12,000 24,000 12,000 9,000 9,000 Units to be assigned costs: Work in process, May 1 (25% completed)(Working note 2) Started and completed in May Transferred to finished goods in May 7,000 7,000) 7,000 7,000 19,000 7,000 16,000 16,000 5,000 5,000 2,500 2,500 Work in process, May 31 (50% completed) (Working note 3) Total units to be assigned costs 24,000 12,000 18,500 18,500 Costs Labor Direct Material Factory overhead Total Costs Unit costs: Total costs for mixing in May Total equivalent units Cost per equivalent unit $72,000 12,000 $6.00 $50,000 18,500 $2.703 $42,500 18,500 $2.297 Cost assigned to production: $60,000 $164,500 Work in process, May 1 Cost incurred in May Total cost accounted for by the mixing department $224,500 $60,000 $45,000 O $24,327 $20,673 Cost allocated to completed and partially completed units: (Working Note 4) Work in process, May 1 To complete in Work in process Cost of completed May Work in process Started and completed in May Transferred to finished goods in May Work in process, May 31 Total costs assigned by the Mixing department $105,000 $77,000 $42,000 $18,921 $16,079 $182,000 $42,500 $30,000 $6,757.50 $5,742.50 $224,500 2. Determine the cost of goods sold indicate the number of units and unit costs). Beginning finished goods inventory Beginning work in process inventory May production started and completed $ $ $ 32,000 72,000 54,000 4000 $ 8000 $ 6,000 $ 18000 8.0000 9.0000 9.0000 Beginning finished goods inventory Beginning work in process inventory May production started and completed $ $ $ 8.00 9.00 9.00 4000 $ 8000 $ 4,000$ $ 32,000 72,000 36,000 140,000