Exercise 16-18 part 3

10 IS Kimmel, Accounting, 7e Help System Announcements CALCULATOR PRINTER VERSION Exercise 16-18 The Smelting Department of Polzin Company has the following production and cost data for September Production: Beginning work in process 2,100 units that are 100% complete as to materials and 20% complete as to conversion costs; units started and finished 8,900 units; and ending work in process 900 units that are 100% complete as to materials and 40% complete as to conversion costs. Manufacturing costs: Work in process, September 1, $16,000, materials added $59,780; labor and overhead $140,032. Polzin uses the FIFO method to compute equivalent units. Your answer is correct. Compute the equivalent units of production for (1) materials and (2) conversion costs for the month of September Materials Conversion Costs The equivalent units of production 9800 T 10940 SHOW SOLUTION Your answer is correct. Compute the unit costs for the month. (Round unit costs to 2 decimal places, eg, 2.25.) Materials Conversion Costs Unit costs I 6.10 I 12.80) CALCULATOR PRINTER VERSION Your answer is correct. Compute the unit costs for the month. (Round unit costs to 2 decimal places, e.g. 2.25.) Materials Conversion Costs Unit costs 10 J 12.80 SHOW SOLUTION Ex Your answer is incorrect. Determine the costs to be assigned to the units transferred out and in process. (Round unit costs to 2 decimal places, c.g. 2.25 and final answers to o decimal places, e.g. 1,225.) Transferred out 59780 Work in process 140032 Click if you would like to show Work for this questioni Open Show Work SHOW SOLUTION