Griff's Haberdashery is a new firm that began operations this year. They specialize in making polos with the Golden Griff emblem embroidered with a proprietary blend of precious metal thread. This year, they produced 5,000 finished shirts. They have another 10,000 shirts in process. These 10,000 shirts are 4/5 complete with respect to their direct materials and 1/2 complete with respect to conversion costs. In total, Griff's spent $39,000 on DM and $80,000 on CC this year How many equivalent units of work have been completed this year? Direct Materials Conversion Costs Costs: EUS: Physical Units Completed EOY WIP Total EU: What is the cost per EU? Total EU: S/EU- What is the cost of our EOY WIP? How much have we transferred to Finished Goods? 1. Purchase of $100,000 of raw materials: 2. Requisition of Direct Materials: 3. Use $60,000 of Direct Labor 4. Use $20,000 of MOH: 5. Move WIP out of Dept. 1 and into Dept 2: What happens in the next department (assuming there is one)