ToyCo Polish manufactures a single product in one department and uses a process costing system. At the start of May, there were 11,100 units in process that were 100 percent complete with respect to direct material and 50 percent complete with respect to conversion costs (labor and overhead). During the month, the company began production of 114,000 units. Ending Work in Process inventory consisted of 5,100 units that were 100 percent complete with respect to material and 60 percent complete with respect to conversion costs.

Problem 3-1 ToyCo Polish manufactures a single product in one department and uses a process costing system. At the start of May, there were 11,100 units in process that were 100 percent complete with respect to direct material and 50 percent complete with respect to conversion costs (labor and overhead). During the month, the company began production of 114,000 units. Ending Work in Process inventory consisted of 5,100 units that were 100 percent complete with respect to material and 60 percent complete with respect to conversion costs. Beginning Work in Process $4,000 160 370 $4,530 Costs Added in May $89,825.00 10,915.40 10,705.40 $111,445.80 Cost Information Direct material Direct labor Manufacturing overhead Total Calculate the cost per equivalent unit for each of the three cost items and in total. (Round answers to 2 decimal places, e.g. 0.15.) Cost per EU Material Labor Overhead Total