Zeus Corporation produces cultured diamonds via a secretive process that grows the diamonds in a vacuum chamber filled with a carbon gas cloud.The diamonds are produced in a single continuous process, and Zeus uses the weighted-average process costing method of accounting for production.

The production process requires constant utilization of facilities and equipment, as well as direct labor by skilled technicians.As a result, direct labor and factory overhead are both deemed to be introduced uniformly throughout production.

Zeus Corporation prepared the following "unit reconciliation" for the month of July:

The below beginning work in process inventory had an assigned cost of $3,000,000, divided between direct materials (30%), direct labor (20%), and factory overhead (50%). Additional costs incurred during July were $9,500,000, divided between direct materials (15%), direct labor (25%), and factory overhead (60%).

create a schedule showing the calculation of cost per equivalent unit.

Unit Reconciliation: Quantity Schedule Beginning Work in Process 5,000 Started into Production 6 000 Total Unit's into Production _1-oo0 Equivalent Units Calculations: Conversion Direct Direct Factory Materials Labor Overhead To Finished Goods 8,000 8,000 8,000 8,000 Ending Work in Process 3 000 1 500 1 500 Total Unit's Reconciled 11-000 9,800 9,500 9,500 Ending WIP Completion Status: Materials : 60% and Conversion : 50%