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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 Conversion
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 180,000 180,000 Units completed Add: Units in ending WIP x Fraction complete 62,000 37,820 (62,000 x 619) 242,000 217.820 Equivalent units of outout Costs Work in process, September 11 Materials Conversion as $147,000 7.875 $154,079 Current CONE Harras 11.075,000 457.945 Canon costs Tut av SRE Convon CON 7,875 $154,875 Tutal Current costs: Materials 51,075,000 457,945 Conversion costs $1,532.945 Total Required 1. Calculate the cost for materials for conversion, and in total for the fabrication department for September. If required, round your newers to the new UNE materials cont 5.os Unit con cost 2.14 Total unt cost 7.19 2. Calculate the costanite transferred out and the cost of EWIP Round untcost value to the nearest cont in intermediate calculation freret, mund the Cost transferret Contouring in proces 1.292,400 X 393,414,50 X atv SRBA
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