Exercise 6-53 Unit Cost and Cost Assignment, Nonuniform Inputs 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.

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