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Cost Information During October, McCourt Associates incurred total production costs of $110,500 for copyediting manuscripts and had the following equivalent units schedule: Units completed 325
Cost Information During October, McCourt Associates incurred total production costs of $110,500 for copyediting manuscripts and had the following equivalent units schedule: Units completed 325 Units in EWIP * Fraction complete: 25 x 0.6 15 Equivalent units 340 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 $355? Calculate the total costs assigned. $ What is the discrepancy between the costs assigned and the costs to account for
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