Kommic Counter Co. produces quartz countertops in two sequentialproduction departments: Forming and Polishing. The1. What was the cost per square foot of the finished product? Polishing Department calculated the following costs per equivalent unit(square feet) on its July production cost rport 2.Did most of the production cost occur in the Forming Departent or in the Polishing Department? Explain how (Click the icon to view the costs per equ ivalent unit.) you can tell where the most production cost occurred. During July. 160,000 square feet were completed and transfered out of the Polishing Department to Finished Goods Inventory. The contertops were subsequently sold for $12.75 per square foot. 3. What was the gross profit per square foot? 4.Wnat was the total gross profit on the countertops produced in July? roduct? 1. What was th Kormic's cost per square foot of making one unit is 2. Did most of the production cost occur in the Forming Department or in the Polishing Department? Explain how you can tell where the most production cost occurred Most of the cost of producing the countertops occurred in the e cost per square foot of the finished p Department. The of represent the bulk of the cost incurred per unit. 3. What was the gross profit per square foot? Data Table Enter the formula, then compute the gross profit per square foot. (Round your answer to the nearest cent.) Gross profit per square foot Transferred-HIn Direct Materials Conversion Costs 4. What was the total gross profit on the countertops produced in July? Cost per equivalent unit: $ 2.64 0.75 1.70 Enter the formula, then compute the gross profit per square foot Total gross profit PrintDone