possible This question: 2 point(s) possible Question 1 of 4 Submit quiz Valencia Orange manufactures orange juice. Last month's total manufacturing costs for the Polk operation included: Direct materials 33 500,000 Direct labor 36,000 Manufacturing overhead 120,000 What was the conversion cost for Valencia Orange's Polk operation last month? Determine the formula, then enter the amounts to calculate the conversion cost. Conversion costs + | + The Mixing Department of Today's Foods had 65,000 units to account for in October. Of the 65,000 units, 45,000 units were completed and transferred to the next department, and 20,000 units were 55% complete. All of the materials are added at the beginning of the process. Conversion costs are added evenly throughout the mixing process and the company uses the weighted-average method. Compute the total equivalent units of production for direct materials and conversion costs for October. . . . Production Cost Report - Mixing Department (Partial) Month Ended October 31 Equivalent Units Physical Direct Conversion UNITS Units Materials Costs Units accounted for: Completed and transferred out Ending work-in-process Total units accounted forThe Mixing Department of Complete Foods has 62,000 equivalent units of materials and 42,800 equivalent units of conversion costs for October. The Mixing Department of Complete Foods has direct materials costs of $55,800 and conversion costs of $32,100 for October. Compute the cost per equivalent unit of production for direct materials and for conversion costs. (Round to the nearest cent.) Begin by determining the formula to compute cost per equivalent unit. + = Cost per equivalent unit The direct materials cost per equivalent unit = The conversion cost per equivalent unit = The Mixing Department of Best Foods had 65,000 equivalent units of materials for October. Of the 65,000 units, 45,000 units were completed and transferred to the next department, and 20,000 units were 55% complete. Best Foods's costs per equivalent unit of production are $1.20 for direct materials and $0.80 for conversion costs. All of the materials are added at the beginning of the process. Conversion costs are added evenly throughout the process and the company uses the weighted-average method. Calculate the cost of the 45,000 units completed and transferred out and the 20,000 units, 55% complete, in the ending Work-in-Process Inventory. Best Foods Production Cost Report - Mixing Department (Partial) Month Ended October 31 Direct Conversion Total COSTS Materials Costs Costs Costs accounted for: Completed and transferred out Ending work-in-process Total costs accounted for