DIRECTIONS: Complete the sections in yellow. Assume that direct material is 40% of the product cost, direct labor is 50% of the product cost, and manufacturing overhead is 10% of the product cost. Assume that 30 units of raw materials were acquired, 28 units were put into production (100% complete as to materials, 50% complete as to conversion), 27 units were nished, and 25 units were sold during the year. Unit Cost Information COGS Details Per Unit 25 units @ $137,500 25 units DM, 40% DM DL, 50% DL Applied MOH,10% Tota l Applied MOH s _ On Average Flow of Manufacturing Costs Raw Materials WorkinProcess Finished Goods COGS O O 0 s _ Directions for cells above: I38 = B? x .40 Directions for cells above: as = aajzs Assume that 30 units worth of raw materials are purchased during the year. Assume 28 units worth of raw materials are requisitioned to WIP during the year. Cell JS: = H3. Cell J9 = [27 Cell M9 = K9 [27 units x D9]+[ 0.5 x D9]. Cell 11.0 completed]. There were25 is the same fom'lat as J9. units sold during the year. The 28 units are 100% complete as to materials. The one unit left in process is 50% complete as to conversion. The 27 units are complete (COGM). The 25 units are sold during the year