Hi-sense Technologies produces stripped-down phones for sale to customers in frontier economies. The firm purchases used or obsolete models of specific smartphone models. It removes nonstandard applications, installs open source Android software, and unlocks the phone so it can operate on GSM networks. Hi-sense’s most popular offering is the iZoom phone. Given the importance of scaling and cost control for the success of its business model, Hi-sense uses a standard-costing system. The following information is available for the second quarter of 2014 (April 1– June 30):

Required
1. What are the completion percentages of iZoom phones in beginning work-in-process inventory with respect to the two inputs?
2. What are the completion percentages of iZoom phones in ending work-in-process inventory with respect to the two inputs?
3. What are the standard costs per unit for direct materials and conversion costs?
4. What is the total cost of work-in-process inventory as of April 1, 2014 ( the start of the secondquarter)?

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Physical and Equivalent Units for iZoom For the Second Quarter of 2014 Equivalent Units Physica Direct Conversion Costs Units Materials Completion of beginning work in process Started and completed Work on ending work in process Units to account for 521,100 1,014,000 1,014,000 014,000 2,180,400 2,180,400 1308.240 2,843,340 1,158,000 352,400 3,194,400 Cost of units completed from beginning work in process Cost of new units started and completed Cost of units completed in the second quarter Cost of ending work in process Total costs accounted for Costs $ 9,206,100 8,061,300 17,267,400 14,630,484 31 ,897,884