#3 and 4

3. What if the costs assigned to units completed and EWIP total were calculated using a unit cost of $350? Calculate the total costs assigned. $ 116,800 x What is the discrepancy between the costs assigned and the costs to account for? 6,400 x Cost Information During October, McCourt Associates incurred total production costs of $107,200 for copyediting manuscripts and had the following equivalent units schedule: Units completed Units in EWIP x Fraction complete: 25 x 0.6 15 Equivalent units 335 320 Required: 1. Calculate the cost of copyediting one manuscript for October 320 per manuscript 2. Assign costs to manuscripts completed and to EWIP and then do a cost reconciliation. Manuscripts completed $ 102,400 EWIP 4,800 Total assigned 107,200 3. What if the costs assigned to units completed and EWIP total were calculated using a unit cost of $350? Calculate the total costs assigned. 116,800 X