What are equivalent units for materials cost?

- What are equivalent units for conversion cost?

- What is the cost per equivalent unit for material? Round off to four decimal places

- What is the cost per equivalent unit for conversion cost? Round off to four decimal places.

- What is the cost per equivalent unit for transferred in cost?

-What is the total adjustment for lost units absorbed by the transferred out goods? Round off to the nearest dollar.

- What is the total cost charged to the Loss on Spoilage?

PROBLEM C The following information is available for Stillwater Corporation for the current year: Beginning Work in Process Costs of Beginning WIP: (75% complete) 14,500 units Material $25,100 Received Ending Work in Process 75,000 units Conversion 50,000 Transferred In 15,500 (60% complete) 16,000 units Current Costs: Abnormal spoilage (start) 2,500 units Material $141,375 Normal spoilage 5,000 units Conversion 306,790 (continuous) Transferred out 66,000 units Transferred In 168,750 All materials are added at the start of production. The company uses the FIFO method. Prepare a Production Cost Report. 13