5.

Carla Vista Mortgage Company uses a process costing system to accumulate costs in its loan application department. When an application is completed, it is forwarded to the loan department for final processing. The following processing and cost data pertain to September: 1 $ 1,150 2 3,950 Applications in process on September 1.80 Applications started in September 1,060 Completed applications during September. 920 Applications still in process at September 30 were 100% complete in terms of materials (forms) and 60% complete in terms of conversion costs. Beginning work in process: Direct materials Conversion costs September costs: Direct materials Direct labour Overhead 3. $4,550 11.250 4. 13,204 Materials are the forms used in the application process, and these costs are incurred at the beginning of the process. Conversion costs are incurred uniformly during the process. Your wer is correct Determine the equivalent units of service production for materials and conversion cout Direct Materials Conversion Costs Total equivalent units 1140 1082 e Textbook and Media Attempts: 1 of used (b Calculate the unit costs and prepare a cost reconciliation schedule Costa Conversion Costs Dieet Materials Total Unicots Conts September Egiven units Unit costs Cost Reconciliation Schedule Costs to be accounted for Work in process inventory, September 1 Started into production Total costs to be accounted for Costs accounted for Completed and transferred out Work in process inventory, September 30 Materials Conversion costs Total costs accounted for eTextbook and Media Attempts of 3 used solum