Cost Information

During October, McCourt Associates incurred total production costs of $97,600 for copyediting manuscripts and had the following equivalent units schedule:

Units completed	305
Units in EWIP Fraction complete: 25 0.6	15
Equivalent units	320

Required:

1. Calculate the cost of copyediting one manuscript for October. $ per manuscript

2. Assign costs to manuscripts completed and to EWIP and then do a cost reconciliation.

Manuscripts completed	$
EWIP
Total assigned	$

3. What if the costs assigned to units completed and EWIP total were calculated using a unit cost of $325? Calculate the total costs assigned. $

What is the discrepancy between the costs assigned and the costs to account for? $