Required information [The following information applies to the questions displayed below.] QualCo manufactures a single product in two departments: Cutting and Assembly. During May, the Cutting department completed a number of units of a product and transferred them to Assembly. Of these transferred units, 38,200 were in process in the Cutting department at the beginning of May and 157,500 were started and completed in May. May's Cutting department beginning inventory units were 75% complete with respect to materials and 25% complete with respect to conversion. At the end of May, 52,000 additional units were in process in the Cutting department and were 70% complete with respect to materials and 20% complete with respect to conversion. The Cutting department had $512,694 of direct materials and $436,341 of conversion cost charged to it during May. Its beginning inventory included $74,775 of direct materials cost and $29,193 of conversion cost. 1. Compute the number of units transferred to Assembly. Total units transferred Assembly units % % Materials 70% 100% 25% Conversion 30% % 100% 75% EUP- Conversion 15,600 157,500 28,650 201.750 EUP- Materials 36,400 157,500 9,550 203,450 Materials $ 512,694 $ 512,694 203,450 $ 2.52 Units Ending work in process - units 52,000 Units started and completed 157,500 Beginning work in process inventory - units 38,200 Total units 247,700 Cost per equivalent unit of production Costs incurred this period Total costs + Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Total costs accounted for: Beginning Inventory Cost: Cost to complete units in beginning EUP inventory Direct materials 9,550 Conversion 28,650 Total cost to complete beginning inventory Costs Costs EUP Conversion 436,341 $ 436,341 201,750 $ 2.16 EUP Cost per EUP $ 2.52 $ 2.16 Tot Total cost $ 24,066.00 61,884.00 85,950.00 Cost of units started and completed EUP Total cost 157,500 157,500 Cost per EUP $ 2.52 $ 2.16 $ 396,900.00 3 40,200.00 Direct materials Conversion Total cost of units started and completed Total cost of units transferred out 737,100.00 Costs of ending work in process EUP Direct materials 36,400 15,600 Cost per EUP $ 2.52 $ 2.16 Total cost $ 91,728.00 33,696.00 Conversion Total cost of ending work in process Total costs accounted for 125,424.00