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

Required:
1. Calculate the unit cost for materials, for conversion, and in total for the fabrication department for September.
2. Calculate the cost of units transferred out and the cost of EWIP.

Transcribed Image Text:

Materials Conversion 180,000 36,000 Units completed Add: Units in ending WIP x Fraction 180,000 complete 160,000 60%) Equivalent units of output Costs: 60,000 240,000 216,000 Work in process, Seplember 1 Materials Conversion costs 147,000 7,875 事154,875 Total Materials Total Current costs $1,053,000 236,205 事1,289,205 Conversion costs