The Pot of Gold Company uses Average Process Costing in its only department. All direct materials are added at the beginning of processing. Overhead is charged to units based on direct labor hours. All spoilage is detected at the 100% point in processing.

For January, the beginning Work in Process consisted of 15,000 units that were 20% complete as to processing. The costs charged to these units during December included $6,050 for Direct Materials and $4,707 for Conversion Costs. During January, 40,000 units were started. The ending Work in Process was 8,000 units that were 70% complete as to processing. For January, normal spoilage was 2,000 units and abnormal spoilage was 1,000 units. The total costs that were incurred during January included $29,150 for Direct Materials and $44,455 for Conversion Costs.

24. Prepare a complete equivalent units chart for January using the average method.

25. Compute the unit costs for January, still using the average method.

26. Compute the total Cost of Goods Mnaufactured for January, still using the average method.