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The Finishing Department of Cortez Company has the following production and cost data for July: . Transferred out, 8,000 units. Ending work in process, 2,000

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The Finishing Department of Cortez Company has the following production and cost data for July: . Transferred out, 8,000 units. Ending work in process, 2,000 units that are 40% completed at July 31. Materials added, $15,000; conversion costs incurred, $26,400. Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. Compute for the following: 1. Equivalent units of production for materials for the month of July 2. Equivalent units of production for conversion costs for the month of July 3. Unit cost for materials in the finishing department 4. Unit cost for conversion costs in the finishing department 5. Total unit cost in the finishing department 6. Total cost of units transferred out 7. Total cost of units in work in process ending inventory (3pts.) 8. Total cost as accounted for (5pts.)

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