Gray Brothers Products Inc. manufactures a liquid product in one department. Due to the nature of the product and the process, units are regularly lost at the beginning of production. Materials and labor and overhead costs are added evenly throughout the process. The following summaries were prepared for the month of January:

Calculate the unit cost for materials, labor, and factory overhead for January and show the costs of units transferred to finished goods and of the ending work in process inventory. Round your answers to two decimal places and use the rounded answers in subsequent calculations, if necessary.

Production Summary Started in process.... Finished and transferred to the stockroom.... In process, end of the month Stage of completion... Lost in process Cost Summary Materials..... Labor .... Factory overhead... Units 10,000 8,000 1,000 1/2 1,000 $132,000 33,000 20,625