1. Unit Cost and Cost Assignment, Nonuniform Inputs

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

	Materials		Conversion
Units completed	180,000		180,000
Add: Units in ending WIP x Fraction complete	77,000		40,040
(77,000 x 52%)
Equivalent units of output	257,000		220,040
Costs:
Work in process, September 1:
Materials	$147,000
Conversion costs	7,875
Total	$154,875
Current costs:
Materials	$1,141,000
Conversion costs	319,885
Total	$1,460,885

Required:

1. Calculate the unit cost for materials, for conversion, and in total for the fabrication department for September. If required, round your answers to the nearest cent.

Unit materials cost	$fill in the blank 1
Unit conversion cost	$fill in the blank 2
Total unit cost	$fill in the blank 3

2. Calculate the cost of units transferred out and the cost of EWIP. Round unit cost value to the nearest cent in intermediate calculations. If required, round final answers to the nearest dollar.

Cost transferred out	$fill in the blank 4
Cost of ending work in process	$fill in the blank 5

2. Nonuniform Inputs, Transferred-In Cost

Drysdale Dairy produces a variety of dairy products. In Department 12, cream (transferred in from Department 6) and other materials (sugar and flavorings) are mixed at the beginning of the process and churned to make ice cream. The following data are for Department 12 for August:

Production:
Units in process, August 1, 25% complete*	40,000
Units completed and transferred out	120,000
Units in process, August 31, 50% complete*	30,000

*With respect to conversion costs.

1. Prepare a physical flow schedule for the month.

Drysdale Dairy
Physical Flow Schedule
For the Month of August
Units to account for:
Units in beginning work in process	fill in the blank
Units started	fill in the blank
Total units to account for	fill in the blank
Units accounted for:
Units transferred out	fill in the blank
Units in ending work in process	fill in the blank
Total units accounted for	fill in the blank

2. Using the weighted average method, calculate equivalent units for the following categories: transferred-in, materials, and conversion.

Transferred-In	fill in the blank equivalent units
Materials	fill in the blank equivalent units
Conversion	fill in the blank equivalent units