Cost Information

During October, McCourt Associates incurred total production costs of $$124,200$ for copyediting manuscripts and had the following equivalent units schedule:

Required:

Calculate the cost of copyediting one manuscript for October.

$

per manuscript

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

Manuscripts completed $

EWIP

Total assigned

What if the costs assigned to units completed and EWIP total were calculated using a unit cost of $$370?$ Calculate the total costs assigned.

$$

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