TaborTabor Industries produces its product using a single production process. For the month of October,

TaborTabor Industries determined its cost per equivalent unit to be as follows:

During the month, Tabor completed and transferred out 450,000 units to finished goods inventory. At month-end, 82,000 partially complete units remained in ending work in process inventory. These partially completed units were equal to 80,000 equivalent units of direct materials and 54,000 equivalent units of conversion costs.

Requirements

1.	Determine the total cost that should be assigned to the following:
	a. Units completed and transferred out
	b. Units in ending work in process inventory
2.	What was the total costs accounted for?
3.	What was TaborTabor's average cost of making one unit of its product?

Requirement 1a. Determine the total costs that should be assigned to the units completed and transferred out. (Enter the number of units completed and transferred out in the first answer box.)

Tabor Industries
Assignment of Costs
	Assign costs:	Direct Materials			Conversion Costs				Total
a.	Completed and transferred out		x (		+		)

Requirement 1b. Determine the costs that should be assigned to the units in ending work in process inventory.

For each category of costs, enter the number of units in ending work in process inventory in the first answer box, then enter the applicable cost amount, and finally calculate the total cost.

Tabor Industries
Assignment of Costs
	Assign costs:	Direct Materials			Conversion Costs				Total
		Units		Cost		Units		Cost
b.	Ending work in process inventory:
	Direct materials		x
	Conversion costs						x
	Total cost of ending work in process inventory

Requirement 2. What was the total costs accounted for?

The total costs accounted for are $ ?

Requirement 3. What was Tabor's average cost of making one unit of its product? (Round your answer to the nearest cent.)

Tabor's cost of making one unit is $ ?.

	Direct Materials	Conversion Costs
Cost per equivalent unit:	$5.60	$5.00