Accessory World makes floor mats for the automobile industry. Finished sets of mats must pass through two departments: Cutting and Coating. The following info pertains to May activity in the cutting department:

Cost Data

Total cost of beginning inventory on May 1 $44,800

Direct Materials Cost incurred in May 200,000

Conversion costs incurred in May 87,200

Physical Unit data

Units in process in May 8,000 sets

Units started in May 50,000 sets

Units in process in May 31 10,000 sets

Percentage of completion data

Direct materials May 1 100%

Conversion May 1 80%

Direct Materials May 31 100%

Conversion, May 31 20%

A. Show a schedule showing (1) the number of mat sets transferred from Cutting to Coating in May and (2) the number of mat sets started and completed by the cutting department.

B. Compute the equivalent units of input resources for the cutting department in May

C. Compute the cost per equivalent unit of input resource for the Cutting Department in May

D. Prepare the summary journal entry required to transfer the cost of completed mat sets from the cutting dept to the coating dept in May

E. Compute the total cost assigned to the cutting dept ending inventory on May 31