23. Holton Company has the following equivalent units for July: materials 20,000 and conversion 18,000. Production cost data are: Materials Conversion Work in process, July 1 $ 8,000 $3,750 Costs added in July 63,000 52,500 The unit production costs for July are: Materials Conversion Costs A) 3.55 3.13 $3.13 B) $3.15 C) 3.55 D) 3.15 2.92 2.92 38. Estimated costs for activity cost pools and other item(s) are as follows: Machining $500,000 Assembling 200,000 Advertising 450,000 Inspecting and testing 175,000 Total estimated overhead is A) $1,150,000. B) $1,325,000. C) $875,000. D) $700,000. 47. Assuming the cost of direct materials used is $1,800,000, compute the total manufacturing costs using the information below. Raw materials inventory, January 1 $ 30,000 Raw materials inventory, December 31 60,000 Work in process, January 1 27,000 Work in process, December 31 18,000 Finished goods, January 1 60,000 Finished goods, December 31 48,000 Raw materials purchases 1,800,000 Direct labor 890,000 Factory utilities 225,000 Indirect labor 75,000 Factory depreciation 500,000 Operating expenses 630,000 A) S4,120,000. B) $3,190,000 C) $3,490,000. D) $3,499,000