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Transferred-In Cost Golding's finishing department had the following data for July Transferred-In Materials Conversion Units transferred out 60,000 60,000 60,000 Units in EWIP 10,000 10,000
Transferred-In Cost Golding's finishing department had the following data for July Transferred-In Materials Conversion Units transferred out 60,000 60,000 60,000 Units in EWIP 10,000 10,000 14,000 Equivalent units 70,000 70,000 74,000 Costs: Work in process, July 1: Transferred-in from fabricating $2,100 Materials 1,500 Conversion costs 3,000 Total $6,600 Current costs: Transferred-in from fabricating $30,900 Materials 22,500 Conversion costs 45,300 Total $98,700 Required: 1. Calculate unit costs for the following categories: transferred-in, materials, and conversion. Round your answers to the nearest cent. Unit transferred in cost Units in EWIP 10,000 10,000 14,000 Equivalent units 70,000 70,000 74,000 Costs: Work in process, July 1: Transferred-in from fabricating $2,100 Materials 1,500 Conversion costs 3,000 Total $6,600 Current costs: Transferred-in from fabricating $30,900 Materials 22,500 Conversion costs 45,300 Total $98,700 Required: 1. Calculate unit costs for the following categories: transferred-in, materials, and conversion. Round your answers to the nearest cent. Unit transferred-in cost Unit materials cost Unit conversion cost 2. Calculate total unit cost. Round your answer the nearest cent
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