5 The Welding Department of Thorpe Manufacturing Company has the following production and manufacturing cost data for February2012. All materialsare added at the beginning of the process and conversion costs are added evenly throughout the process. Ending Work in Process is 20% complete.

Manufacturing Costs:

Materials $180,000 Labor $ 52,380 Overhead $61,445

Production Data :

Beginning WIP $0

Units Completed $45,000

Units Started $49,000

Ending WIP ?

Requirements1. Calculate the Equivalent Units for Direct Materials and Conversion Cost

2. Calculate the cost per unit for Direct Material and Conversion Costs

3. Calculate the Total cost Transferred out and the costs of the ending Work in Process