Calculate the cost of goods transferred out, calculate the cost of EWIP, and reconcile the costs assigned with the costs to account for:

1. -Cost of goods transferred out
2. -Cost of EWIP
3. -Cost to account for:
4. -BWIP
5. -Current (December)
6. -Total

Gunnison Company had the following equivalent units schedule and cost information for its Sewing De December: Direct Materials Conversion Costs Units started and completed 50,000 50,000 Add: Units in beginning work in process x Percentage complete: 4,000 x 0% direct materials 4,000 x 50% conversion Costs 2,000 Add: Units in ending work in process X Percentage complete: 13,000 x 100% direct materials 13,000 13,000 x 35% conversion Costs 4,550 uivalent units of output 63,000 56,550 Costs: Work in process, December 1: Direct Material $44,000 Conversion Costs 6,000 Total work in process $50,000