1. (25 Points) Show all work and label all numbers. Morgan Company reported the following data for the operations of its Mixing Department for the month of July.

		Costs
	Units	Material	Conversion
Beginning work in process	2,000	$4,660	$48,910
(100% complete with respect to material) (40% complete with respect to conversion)
Started into production	15,000	$32,300	$360,000
Ending work in process (100% with respect to materials) (30% with respect to conversion)	1,600

Required:

1. Calculate the equivalent units of production for materials and conversion costs.

2. Determine the cost per equivalent unit for materials and conversion costs.

3. Determine the cost of units transferred out of the Mixing Department during the period.

4. Determine the cost of ending work in process inventory in the Mixing Department.