Develop costing and sales information for 1,000 cookies.

Estimate and explain the cost per cookie based on process costing with 40% conversion costs. Identify the top three processes you feel are needed to make the cookies and prepare a production cost sheet for one of those processes.

Cost Summary
Direct Materials	75.60
Direct Labor	480.00
Manufacturing Overhead	144.00
Total Cost	699.60
Units	1,000
Cost per unit	0.70

Cost:	Material	Labor	Overhead	Trans In	Total
Beginning WIP
Cost incurred	75.60
Total	75.69	-	-	-	699.60
Units:	1000
Units Completed	1000
Equivalent Units (ending WIP)	-	-	-
Total	-	-	-
Cost per Equivalent unit

How do I fill in the second table given the 40% conversion costs? Assume that Labor and overhead cost are equal.