Bonita's is a brand of lotion created specifically for sensitive skin. The company, which goes by the same name, manufactures in small

batches so the lotion retains its special qualities. The batch in process on December $31$ included $200$ units, determined to be $60\%$

complete as to conversion costs. DM costs had already been added, as all DM is added at the very beginning of processing. During

January, Bonita's started another $2,150$ units, and by January $31,2,250$ units were completed, leaving $100$ units still in process. Units

in ending WIP Inventory were $50\%$ complete for conversion costs. The following costs existed or were added to the WIP Inventory

account in January.

$($a$)$

Your Answer

Assuming Bonita's uses the FIFO method of process costing, complete Steps $1$ and $2$ of the template to determine the equivalent

units of work done during January.

Total equivalent units of work done this period

$($b$)$

Complete Steps $3-5$ of the template to determine the cost per equivalent unit and to assign DM costs and conversion costs to the

physical units of the period. Carefully label the total cost of units completed. $($Round cost per equivalent unit answers to $2$ decimal

places, eg$.15\mathrm{.}25.)$

Total cost of units completed $

Cost of units in ending inventory $