Finch Plastic Products Company makes a plastic toy using two departments: parts and assembly. The following data pertain to the

parts department's transactions in Year $2$:

The beginning balance in the Work in Process$-$Parts account was $$13,700.$ This inventory consisted of parts for $1,000$ toys. The

beginning balances in the Raw Materials Inventory, Production Supplies, and Cash accounts were $$190,450,$$$2,000,$ and $$400,000,$

respectively.

Direct materials costing $$167,050$ were issued to the parts department. The materials were sufficient to make $7,000$ additional toys.

Direct labor cost was $$93,000,$ and indirect labor costs were $$9,300.$ All labor costs were paid in cash.

The predetermined overhead rate was $$0\mathrm{.}25$ per direct labor dollar.

Actual overhead costs other than production supplies and indirect labor for the year were $$13,950,$ which was paid in cash.

The parts department completed work for $5,500$ toys. The remaining toy parts were $20$ percent complete. The completed parts

were transferred to the assembly department.

All of the production supplies had been used by the end of Year $2.$

Over$-$ or underapplied overhead was closed to the Cost of Goods Sold account.

Required

a$.$ Determine the number of equivalent units of production.

b$.$ Determine the product cost per equivalent unit.

c$.$ Calculate the total cost allocated between the ending work in process inventory and parts transferred to the assembly department.

d$.$ Record the transactions in a partial set of T$-$accounts.

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