tolstoy co. uses a process costing system to account for is production costs. conversion cost is added throughout the process . during october the co. transferred 715,000 units of product too finished goods. at end of October the work in process inventory consists of 23,500 units that are 40% complete with respect to conversion. beginning inventory had $580,000 of direct material and $325,000 of conversion cost. the direct materials cost added in October was $3,100,000 and the conversion cost added in October was $6,250,000. complete the following:

a) what's the key calculation our amount to be determined in process costing?

b) determine the equivalent units of production with respect to 1) direct materials and 2) conversion

c) compute total cost per equivalent

d) compute total coat of units completed during this period

e) calculate the cost of good sold for the sale of 650,000 units

f) what product might the co. be manufacturing

Direet Materials are Tolstoy comany uses a process costing system to account for its Production costs. Converter cost is added evenly throughout the process. the beginning of the process. During October, the company transferred 715,000 units of product to Finished Goods. At the end of ocrober, the work in process inventory Constats of 23,500 units that are 40% complete with respect to conversion. Beginning inventory had 1 580,000 OM direct material and $325,00 Deconversion cost direct materias cost added in October was 3,100,000 and the conversion cost added 26.250,000 complete requirements below: The in October was a.) what is the key calculation or amount to be determined in process cong? b.) Determine the equivalent writy of production with respect to (a.) direct materials (6) conversion. c.) compare the total cost per equivalent unit d.) Compute the total cost of units completed during this period e.) calculate the cost goods sold for the sale on 650,000 units F.) What product might Tolstoy be manufacturing? (Hont: many right answers, but more Format used 04 in Class: % complete for DM Physical units EUP- Direct marerias por conversion Eup Course units complered Transferred Ending work in process Total EUP XXXXXX xxxx