Assume that beginning work in process consists of $1,000$ units valued at $$10,552($ $$5,300$ are materials$).$ The units are $40\%$

complete as to conversion costs. Materials costs are unchanged, labor costs are $$121,256$ and manufacturing overhead costs are

$$51,900.$

Determine the equivalent units of production for materials and conversion costs.

Equivalent Units

Materials

Conversion costs

Compute unit costs and show the assignment of manufacturing costs to units transferred out and in work in process. $($Round unit

costs to $2$ decimal places, e$.$g$.15\mathrm{.}25$ and final answers to $0$ decimal places, e$.$g$.125.)$

Sunland Company

Cost Reconciliation Schedule

Costs accounted for:

Work in process, November $1$st

Conversion Costs

Transferred out

Work in process, November $30$th

Materials

Conversion Costs