1. General Motors manufactures automobiles using process costing. In January 2029, the company incurs the following costs in its Assembly and Paint departments:
   • Assembly Department: $60 million
   • Paint Department: $40 million

The production data for January 2029 is as follows:

• Assembly Department: 10,000 units started, 1,000 units in ending work in process, 80% complete for materials, and 50% complete for conversion costs.
• Paint Department: 15,000 units started, 2,000 units in ending work in process, 75% complete for materials, and 60% complete for conversion costs.

Required:

• Calculate the equivalent units of production for materials and conversion costs for both departments.
• Determine the cost per equivalent unit for Assembly and Paint departments.
• Allocate costs to completed units and units in ending work in process using the weighted average method.
• Prepare a cost of production report for General Motors.
• Analyze the impact of different completion stages on unit costs.