Gunnison Company had the following equivalent units schedule and cost information for its Sewing Department for the month of December: Direct Materials Units started and completed 40,000 Add: Units in beginning work in process x Percentage complete: 5,000 x 0% direct materials 5,000 x 50% conversion Costs Add: Units in ending work in process x Conversion Costs 40,000 2,500 Percentage complete: 10,000 x 100% direct materials 10,000 10,000 x 35% conversion Costs 3,500 Equivalent units of output 50,000 46,000 Costs: Work in process, December 1:1 Direct Material Conversion Costs Total work in process $35,000 10,000 $45,000 Current costs: Direct Material Conversion Costs Total current costs Required: 1. Calculate the unit cost for December, using the FIFO method. 12 per equivalent unit $400,000 184,000 $584,000 2. Calculate the cost of goods transferred out, calculate the cost of EWIP, and reconcile the costs assigned with the costs to account for Cost of goods transferred out 535,000 94,000 Cost of EWIP Cost to account for: BWIP 45,000 Current (December) Total 584,000 629,000 3. What if you were asked for the unit cost from the month of November? Calculate November's unit cost. X per equivalent unit Feedback Check My Wo