Calculating Unit Costs; Units Lost in Production

Gray Brothers Products Inc. manufactures a liquid product in one department. Due to the nature of the product and the process, units are regularly lost at the beginning of production. Materials and labor and overhead costs are added evenly throughout the process. The following summaries were prepared for the month of January:

Calculate the unit cost for materials, labor, and factory overhead for January and show the costs of units transferred to finished goods and of the ending work in process inventory. Round your answers to two decimal places and use the rounded answers in subsequent calculations, if necessary.

Cost of production for month:
Materials		$
Labor
Factory overhead
Total cost to be accounted for		$
Unit output for month:
Finished and transferred
Equivalent units of work in process
Total
Unit cost for month:
Materials		$
Labor
Factory overhead
Total		$
Inventory costs:
Cost of goods finished and transferred		$
Cost of work in process, end of month:
Materials	$
Labor
Factory overhead
Total production costs accounted for		$