Cost Information

During October, McCourt Associates incurred total production costs of $88,450 for copyediting manuscripts and had the following equivalent units schedule:

Units completed	290
Units in EWIP Fraction complete: 25 0.6	15
Equivalent units	305

Required:

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

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

Manuscripts completed	$fill in the blank 2
EWIP	fill in the blank 3
Total assigned	$fill in the blank 4

3. What if the costs assigned to units completed and EWIP total were calculated using a unit cost of $310? Calculate the total costs assigned. $fill in the blank 5

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