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Unit Cost and Cost Assignment, Nonuniform Inputs Loran Inc. had the following equivalent units schedule and cost for its fabrication department during September: Materials
Unit Cost and Cost Assignment, Nonuniform Inputs Loran Inc. had the following equivalent units schedule and cost for its fabrication department during September: Materials Conversion Units completed 180,000 180,000 Add: Units in ending WIP x Fraction complete 75,000 39,750 (75,000 x 53%) Equivalent units of output 255,000 219,750 Costs: Work in process, September 1: Materials Conversion costs Total Current costs: $147,000 7,875 $154,875 Materials Conversion costs $1,166,000 317,865 Total Required: $1,483,865
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