CASE STUDY #1 A vitamin product is manufactured in three departments by Philippe Chatries, Inc. No work in process existed on August 1 in any of the three departments, but 10,000 units were in process in each department at the end of August. The percentage of the work in process that was completed in each department at August 31 is given as follows; Department 1 40% (for both DM and Conversion costs in this specific department) Department 2 60% Department 3 20% Costs incurred in the three departments for August were as follows: Departments 1 2 3 Materials $94,000 0 0 Labor 47,000 $30,000 $14,400 Overhead 47,000 21,600 7,200 During August, 100,000 units were started process in Department 1. Required: 1) For each department, compute the unit cost of work done in that department and cumulative unit cost of work done including preceding department costs. 2) Assume that 50,000 units were sold during the month. What amount will appear in the cost of goods sold account? IF