Challenge Exercise 21-02 a-c (Part Level Submission) The Sanding Department of Bonita Company has the following production and cost data for November. Production 1. Started and completed 9,000 units. 2. Started 3,000 units that are 80% completed at November 30, Costs Beginning work in process Materials Labor Manufacturing Overhead $-0- 53,400 125,400 45,600 Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. Bonita Company uses the FIFO method to compute equivalent units. (a) Your answer is correct. Determine the equivalent units of production for materials and conversion costs. Equivalent Units Materials 12000 Conversion costs 11400 (b) Your answer is correct. Compute unit costs and show the assignment of manufacturing costs to units transferred out and in work in process. (Round answers to 2 decimal places, e.g. 15.25.) Material costs Conversion costs Total unit costs 19.45 Bonita Company Cost Reconciliation Schedule Costs accounted for: Transferred out 175050 Work in process, November 30th Materials 13350 Conversion costs 36000 49350 Total costs 224400 Click if you would like to Show Work for this question: Open Show Work (c) Assume that beginning work in process consists of 1,000 units valued at $10,728 ($4,900 are materials). The units are 40% complete as to conversion costs. Materials costs are unchanged, labor costs are $121,100 and manufacturing overhead costs are $51,700. 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. 15.25 and final answers to O decimal places, e.g. 125.) Material costs Conversion costs Total unit costs Bonita Company Cost Reconciliation Schedule Costs accounted for: Work in process, November 1st Materials Bonita Company Cost Reconciliation Schedule Costs accounted for: Work in process, November 1st Materials Conversion Costs Transferred out Work in process, November 30th Materials Conversion Costs Total costs Click If you would like to Show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT LINK TO TEXT