Swifty, a perfume producer, sources materials from many countries, to create beautiful scents. In November, Swifty was producing perfume that would be bottled into $1\mathrm{.}2$ ounce size bottles; the manufacturing dept reports the following data regarding production of liquid perfume this month. Step $2$

Equivalent Units

DM Conversion Costs

Phtsical Equiv. $\%$added Equiv. Units $\%$Added Equiv. Units

Units completed this period $420100\%420100\%420$

units in ending WIP Inventory $40100\%4040\%16$

Total units accounted for $460$

Total equivalent units of work done $460436$

STEP $3.$ Account for Costs

Total costs DM Conversion Cost

Cost in beginning WIP Inventory $($Last period$)$ $$2,045$ $$1,395$ $$650$

Costs added to WIP inventory this period $10,8016,6554,146$

Total costs to account for $12,846$ $$8,050$ $$4,796$

$($a$)$ Determine the cost per equivalent unit for both DM & conversion costs for the company this month by completing step $4.$

DM Conversion Cost

Cost per equivalent unit $$\_\_\_\_\_\_\_\_\_\_\_$ $$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

$($b$)$ Assign costs to the company's units completed & to the units in ending WIP inventory for August by completing Step $5.$

Total cost of units completed and removed from WIP inventory $$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

Cost of units in ending WIP Inventory $$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

$($ c$).$what is Swifty's total cost of units completed $?\_\_\_\_\_\_\_\_\_\_\_\_$

How man total units did the company complete this period? $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

What was actual cost per unit for units completed $?$ $$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

What was total cost per equivalent units? $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

Is the cost per unit the same as the total cost per equivalent unit?$\_\_\_\_\_\_\_($Yes $/$ No$)$

$($d$)$ Swifty's products must still move through the bottling department before being ready for sale, record the journal entry to recognize completion & removal of units from the manufacturing dept.

Account titles & explanation Debit Credit

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$($c$).$ What is Swifty's total cost of units completed? $$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

How many units did the company complete this period $?\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

What was the cost per unit for those units completed $$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

What is the total cost per equivalent unit $$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

Is the actual cost per unit the same as the total cost per equivalent unit? $($Yes $/$ No$)$

$($d$)$ Swifty's products must still move through the bottling dept before being ready for sale, record the journal entry to recognize completion and removal of units from the manufacturing dept.

Accounts Title & Explanation Debit Credit

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$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

$($ e$).$ To reach its target profit, Swifty's total budgeted product cost is $$39\mathrm{.}50$ per unit; what is the maximum additional cost per unit the company can incur in the bottling dept?

Maximum additional cost per unit for bottling $$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$