Requirement 3. What is the cost of goods completed and transferred out? Cost of goods completed and transferred More info The production process consists of three basic operations. In the first operation, the glass is formed by remelting cullets (broken or refuse glass). In the second operation, the glass is assembled with the silicone gasket and sleeve. The resulting product is finished in the final operation with the addition of the polypropylene cap. Direct materials Conversion costs Total Requirement 4. What is the cost of goods formed but not assembled? Cost of goods formed but not assembled Data table Direct materials Conversion costs Total Cullets purchased Silicone purchased $ 62,600 $ 69 25,100 Polypropylene used $ 8,400 Total conversion costs incurred $ 69 70,200 Requirement 5. What is the cost of goods assembled but not finished? Ending inventory, cullets $ 6,500 Ending inventory, silicone 5,500 Cost of goods assembled but not finished Number of bottles completed and transferred 12,000 Inventory in process at the end of the month: Units formed but not assembled 3,000 Units assembled but not finished 2,000 Direct materials Conversion costs Total Print Done Requirements 1. What is the cost per equivalent unit for conversion costs for KLN bottles in March 2020? 2. Compute the cost per equivalent unit with respect to each of the three materials: cullets, silicone, and polypropylene. 3. What is the cost of goods completed and transferred out? 4. What is the cost of goods formed but not assembled? 5. What is the cost of goods assembled but not finished? - The Container Company is dedicated to making products that meet the needs of customers in a sustainable manner. Container is best known for its KLN water bottle, which is a BPA-free, dishwasher-safe, bubbly glass bottle in a soft silicone sleeve. (Click the icon to view the additional information.) Consulting studies have indicated that of the total conversion costs required to complete a finished unit, the forming operation requires 60%, the assembly 30%, and the finishing 10%. The following data are available for March 2020 (there is no beginning inventory of any kind): (Click the icon to view the data.) Read the requirements. Requirement 1. What is the cost per equivalent unit for conversion costs for KLN bottles in March 2020? Use a formula to solve for the cost per equivalent unit for conversion costs. (Round the cost per equivalent unit amount to the nearest cent. Conv. = conversion.) |= Cost per equivalent unit, conv. costs Requirement 2. Compute the cost per equivalent unit with respect to each of the three materials: cullets, silicone, and polypropylene. Begin by using a formula to solve for the cost per equivalent unit with respect to cullets. (Round the cost per equivalent unit amount to the nearest cent. Conv. = conversion, Equiv. = equivalent.) = Cost per equiv. unit, cullets Use a formula to solve for the cost per equivalent unit with respect to silicone. (Round the cost per equivalent unit amount to the nearest cent. Conv. = conversion, Equiv. = equivalent.) = Cost per equiv. unit, silicone Use a formula to solve for the cost per equivalent unit with respect to polypropylene. (Round the cost per equivalent unit amount to the nearest cent. Conv. = conversion.) Cost per equivalent unit, polypropylene = Requirement 3. What is the cost of goods completed and transferred out? Cost of goods completed and transferred