Unit Cost and Cost Assignment, Nonuniform Inputs

Loran Inc. had the following equivalent units schedule and cost for its fabrication department during September:

Line Item Description	Materials	Conversion
Units completed	180,000	180,000
Add: Units in ending WIP X Fraction complete	60,000	36,000
(60,000 X 60%)
Equivalent units of output	240,000	216,000
Costs:
Work in process, September 1:
Materials	$147,000
Conversion costs	7,875
Total	$154,875
Current costs:
Materials	$1,053,000
Conversion costs	236,205
Total	$1,289,205

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.

Line Item Description	Cost
Unit materials cost
Unit conversion cost
Total unit cost

2. Calculate the cost of units transferred out and the cost of EWIP.

Line Item Description	Amount
Cost transferred out
Cost of ending work in process