CALCULATOR PRINTER VERSION BACK NEXT Exercise 16-16 a, bl-b2 (Part Level Submission) Marigold Mortgage Company uses a process cost system to accumulate costs in its Application Department. When an application is completed, it is forwarded to the Loan Department for final processing. The following processing and cost data pertain to September 1. Applications in process on September 1, 100 2. Applications started in September, 1,000 3. Completed applications during September, 800 4. Applications still in process at September 30 were 100% complete as to materials (forms) and 60% complete as to conversion costs. $1,380 4,860 Beginning WIP: Direct materials Corwersion costs September costs: Direct materials Direct labor Overhead $5.300 12,300 10. Materials are the forms used in the application process, and these costs are incurred at the beginning of the process Conversion costs are incurred uniformly during the procese Marigold Mortgage Company uses the FIFO method. Also, assume that the applications in process on September 1 were 100% complete as to materials (application forms) and 40 % complete to conversion cost, Determine the equivalent units of service production for materials and conversion costs Materials Conversion Costs The equivalent units of service Coroduction) in H erd, 30 Hele System Announcements CALCULATOR PRINTER VERSION BACK September costs: Direct materials Direct labor Overhead $5,300 12,300 10.448 Materials are the forms used in the application process, and these costs are incurred at the beginning of the process. Conversion costs are incurred uniformly during the process. Marigold Mortgage Company uses the FIFO method. Also, assume that the applications in process on September 1 were 100% complete as to materials (application forms) and 40% complete as to conversion costs. (a) Determine the equivalent units of service (production) for matenals and conversion costs. Materials Conversion Costs The equivalent units of service production) Click if you would like to Show Work for this question: Open Show Work By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Attempts: 0 of 4 used SAVE FOR LATER SUBMIT ANSWER (51) The parts of this question must be completed in order this car will be avallase when you complete the cure hove