Question 4 The Polishing Department of Major Company has the following production and manufacturing cost data for September Materials are entered at the beginning of the process. Production: Beginning inventory 1,720 units that are 100% complete as to materials and 30% complete as to conversion costs; units started during the period are 40,000; ending inventory of 5,200 units 10% complete as to conversion costs. Manufacturing costs: Beginning inventory costs, comprised of $20,200 of materials and $11,288 of conversion costs; materials costs added in Polishing during the month, $173,798; labor and overhead applied in Polishing during the month, $127,100 and $257,940, respectively. (a) x Your answer is incorrect. Try again. Compute the equivalent units of production for materials and conversion costs for the month of September. Materials Conversion Costs The equivalent units of production 38240 36692 SHOW SOLUTION LINK TO TEXT LINK TO TEXT By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor Attempts: 3 of 3 used % You have surpassed the number of attempts to earn Maximum Points for this question. For this attempt, and any subsequent attempt(s), you will earn points according to the Point Potential policy set by your instructor. (b) Compute the unit costs for materials and conversion costs for the month. (Round unit costs to 2 decimal places, e.g. 2.25.) Materials Conversion Costs Unit costs S $ Question 4 Work in process, September 1 Units started into production Units to account for Physical Units 1,720 40,000 41,720 Units transferred out Work in process, September 30 Units accounted for 36,520 5,200 41,720 Equivalent Units Materials Conversion Costs 36,520 36,520 Units transferred out Work in process 5,200 x 100% 5,200 x 10% 5,200 520 37,040 41,720