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	82,000		49,200
(82,000 x 60%)
Equivalent units of output	262,000		229,200
Costs:
Work in process, September 1:
Materials	$147,000
Conversion costs	7,875
Total	$154,875
Current costs:
Materials	$1,201,000
Conversion costs	408,450
Total	$1,609,450

Required:

1. Calculate the unit cost for materials, for conversion, and in total for the fabrication department for September. If required, round your answers to the nearest cent.

Unit materials cost	$fill in the blank 1
Unit conversion cost	$fill in the blank 2
Total unit cost	$fill in the blank 3

2. Calculate the cost of units transferred out and the cost of EWIP. Round unit cost value to the nearest cent in intermediate calculations. If required, round final answers to the nearest dollar.

Cost transferred out	$fill in the blank 4
Cost of ending work in process	$fill in the blank 5