At OxyCorp, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: WIP beginning (55% for conversion) Units started Units completed and transferred out WIP ending (35% for conversion) Beginning WIP transfer costs Beginning WIP direct materials Beginning WIP conversion costs Costs of transfer costs added Costs of materials added Costs of conversion added 13,700 units 125,000 units 116,500 units 22,200 units $40,000 $50,300 $22,500 $360,000 $412,000 $301,000 Please calculate using the average cost method discussed in class. Units to be Accounted for: 116,500 O 124, 270 units 125,000 units 138,700 units At OxyCorp, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: WIP beginning (55% for conversion) Units started Units completed and transferred out WIP ending (35% for conversion) Beginning WIP transfer costs Beginning WIP direct materials Beginning WIP conversion costs Costs of transfer costs added Costs of materials added Costs of conversion added 13,700 units 125,000 units (116,500 units 22,200 units $40,000 $50,300 $22,500 $360,000 $412,000 $301,000 Please calculate using the average cost method discussed in class. Amount of Transferred in Costs to be Accounted for: $323,500 $400,000 $462,300 $1,185,800 At OxyCorp, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: WIP beginning (55% for conversion) Units started Units completed and transferred out WIP ending (35% for conversion) Beginning WIP transfer costs Beginning WIP direct materials Beginning WIP conversion costs Costs of transfer costs added Costs of materials added Costs of conversion added 113,700 units 125,000 units 116,500 units 22,200 units $40,000 $50,300 $22,500 $360,000 $412,000 $301,000 Please calculate using the average cost method discussed in class. Amount of Work in Process Costs to be Accounted for: $323,500 $400,000 $462,300 $1,185,800 At OxyCorp, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: WIP beginning (55% for conversion) Units started Units completed and transferred out WIP ending (35% for conversion) Beginning WIP transfer costs Beginning WIP direct materials Beginning WIP conversion costs Costs of transfer costs added Costs of materials added Costs of conversion added 13,700 units 125,000 units 116,500 units 22,200 units $40,000 $50,300 $22,500 $360,000 $412,000 $301,000 Please calculate using the average cost method discussed in class. Amount of Conversion Costs to be Accounted for: $323,500 $400,000 $462,300 O $1,185,800 At OxyCorp, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: WIP beginning (55% for conversion) Units started Units completed and transferred out WIP ending (35% for conversion) Beginning WIP transfer costs Beginning WIP direct materials Beginning WIP conversion costs Costs of transfer costs added Costs of materials added Costs of conversion added 13,700 units 125,000 units 116,500 units 22,200 units $40,000 $50,300 $22,500 $360,000 $412,000 $301,000 Please calculate using the average cost method discussed in class. Cost per Conversion Costs Equivalent Unit (rounded to 2 decimal places): 158,064 $195,582 $1,026,365 $1,184,429