UNIT COST AND COST ASSIGNMENT, NONUNIFORM INPUTS Loran Inc. had the following equivalent units schedule and cost for its fabrication department during the month of September:

Materials Conversion Units completed 180,000 180,000 Add: Units in ending WIP 3 Fraction complete (60,000 3 60%) 60,000 36,000 Equivalent units of output 240,000 216,000 Costs:

Work in process, September 1:

Materials $ 147,000 Conversion costs 7,875 Total $ 154,875 Current costs:

Materials $1,053,000 Conversion costs 236,205 Total $1,289,205 Required:

. Calculate the unit cost for materials, for conversion, and in total for the fabrication department for September.

. Calculate the cost of units transferred out and the cost of EWIP.

Exercise