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Please show ALL work and provide accurate answers, Thank You. Perfect Parts manufactures a part used in building airplanes. They have three departments (machining, assembly,

Please show ALL work and provide accurate answers, Thank You.

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Perfect Parts manufactures a part used in building airplanes. They have three departments (machining, assembly, and testing). They use Process Costing (FIFO method) On July 31, they had the following costs in WIP-Assembly: Assembly Material Assembly Conversion Machining 265,750 11,250 78,125 S 355,125 There were 1,250 of the parts on hand at 7/31. The parts were 80% complete wrt Assembly Materials costs and 50% complete wrt Assembly Conversion costs. During August, 10,000 parts were transferred in from the Machining department. The cost of the parts transferred in was $2,009,250 1,500 parts were not yet complete on August 31st. These parts were 100% complete wrt Assembly Materials costs and 60% complete wrt Assembly Conversion costs. Total manufacturing costs incurred in the Assembly department in August were: Material 112,125 Conversion 1,190,625 1,302,750 1. What was the cost per equivalent unit for August for transferred in costs from Machining? (Round to two decimals) 2. What was the cost per equivalent unit for August for Assembly Material? (Round to two decimals) 3. What was the cost per equivalent unit for August for Assembly Conversion? (Round to two decimals) 4. What was the total cost of the parts transferred to WIP - Testing in August) (Do NOT round your unit costs when calculating total costs transferred out) 5. What was the total cost of the parts in ending inventory at 8/31? (Do NOT round your unit costs when calculating cost in ending inventory) 6. Assuming the cost of the testing the part is $15 per unit, what's Perfect Part's total costs per unit to make the airplane part? (HINT: You should be looking at the cost of the units transferred out)

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