Question
Golding's finishing department had the following data for July: Transferred-In Materials Conversion Units transferred out60,00060,00060,000Units in EWIP15,00015,0009,000Equivalent units75,00075,00069,000Costs:Work in process, July 1:Transferred-in from fabricating$2,100Materials1,500Conversion costs3,000Total$6,600Current
Golding's finishing department had the following data for July:
Transferred-InMaterialsConversionUnits transferred out60,00060,00060,000Units in EWIP15,00015,0009,000Equivalent units75,00075,00069,000Costs:Work in process, July 1:Transferred-in from fabricating$2,100Materials1,500Conversion costs3,000Total$6,600Current costs:Transferred-in from fabricating$30,900Materials22,500Conversion costs45,300Total$98,700
Required:
1.Calculate unit costs for the following categories: transferred-in, materials, and conversion. Round your answers to the nearest cent.
Unit transferred-in cost$Unit materials cost$Unit conversion cost$
2.Calculate total unit cost. Round your answer to the nearest cent.
$per unit
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