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Susie's Socks, Inc. manufactures 500 different types of socks from socks used by professional sports teams to those worn by babies and toddlers. The production

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Susie's Socks, Inc. manufactures 500 different types of socks from socks used by professional sports teams to those worn by babies and toddlers. The production of socks requires three stages of production: cutting, stitching. and assembly. Each type of sock is produced in batches and Susie uses a process costing system for tracking the costs of each batch in each process. Susie reported the following data for the operations of its stitching Department for the month of July for a custom batch of sucks that was being produced tor the Girl Scouts of America. Costs Units Material Conversion Beginning work in process 200 $1.120 $7.458 l90% complete with respect to material) ill-0% complete with respect to conversion) Started into production 15.000 $3 2.000 $3 60.000 Transferred out 13,600 Ending work in process 150% with respect to materials) 1,600 80% with respect to conversion) Required (round answers to 2 decimal places) 1. Calculate the equivalent units of production tor materials? 2. Calculate the equivalent units of production tor conversion. 3. Determine the cost per equivalent unit for materials? 4. Determine the cost per equivalent unit for conversion? 5. Determine the cost of units transferred out of the Stitching Department during the period. 6. Determine the cost of ending work in process inventory in the Stitching Department

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