Following are the September 2016 charges (and certain annotations) appearing in the work in process account for Empire Company’s processing department:

Empire uses the FIFO method. Materials are added at the beginning of the process and conversion costs are incurred evenly throughout. Ending work in process is comprised of 1,000 units, 60% complete.
Compute the following:

a. Equivalent units for direct materials and conversion.

b. Cost per equivalent unit or units transferred in and conversion.

c. Total cost assigned to the units transferred out.

Transcribed Image Text:

Beginning inventory (1,500 units, 70% complete) Direct material... Conversion costs Current period Direct materials (6,000 units) Direct labor..... Manufacturing overhead applied. $21,950 10,000 72,000 32,500 52,200