General Information The I See The Light Company has a related company that produces the figurines. They use process costing in the molding department. The factory overhead is applied at a rate of 50% of direct labor dollars. The material is added at the beginning of the process. The labor and overhead costs are assumed to be added uniformly throughout Month of January Selected information for January is presented below. 50% of direct labor costs in the molding department. Note that the applied overhead rate was Molding Department Goods in-process as of January 1 were 3,600 figurines at a cost of $25,965.00. Of this amount, $2,160.00 was from raw materials added, $15,87000 for labor and $7,935.00 for overhead. These 3,600 figurines were assumed to be 30 00% complete as to labor and overhead. During January, 23,000 units were started, $14,260.00 of materials and $59,.235.00 of labor costs were incurred The 6,500 figurines that were in-process at the end of January were assumed to be 90.00% complete to labor and overhead. All figurines in January passed inspection. Physical Flow of Units Work-in-Process- Beginning Units Started this Period Units to Account for Total transferred out Work-in-Process-Ending Total Accounted for (12.01) 12.02) Equivalent Units Material (Round to three places, ## tt# ###) (12.03) Equivalent Units Conversion (Round to three places, ## ### ###) (12.04) Total cost of Material (Round to two places, ##### ##) (12.05 Total cost of Conversion (Round to two places. ## ### # Total cost to account for Round to two places# ### ## (12.06) (12.07y Cost per equivalent unit of Material (Round to seven places, (12.08 Cost per equivalent unit of Conversion (Round to seven places, ### #######) (12.09 Cost of the ending inventory, matenal and convesion (Round to two places, $m (12.10) Cost of the units transferred, material and conves on R rd to wo places sm###) (12.11)