E3-11 Compute equivalent units, unit costs, and costs assigned

The Polishing Department of Major Company has the following production and manufacturing cost data for September.

Materials are entered at the beginning of the process.

Production: Beginning inventory 1,600 units that are 100% complete as to materials and 30% complete as to

conversion costs; units started during the period ar 42,900; ending inventory of 5,000 units 10% complete as to

conversion costs.

Manufacturing costs: Beginning inventory costs, comprised of $20,000 of materials and $43,180 of conversion

costs; material costs added in Polishing during the month, $175,800; labor and overhead applied in Polishing during the

month, $125,680 and $257,140, respectively.

Instructions

(a)

Compute the equivalent units of production for materials and conversion costs for the month of September.

(b)

Compute the unit costs for materials and conversion costs for the month.

(c )

Determine the costs to be assigned o the units transferred out and in process.

NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?" .

After you have completed the requirements of E3-11, consider this additional question.

1.

Assume that 3,750 units remained in ending work in process and total conversion costs added during September changed to $359,695.

Show the impact of this change on the calculation of equivalent units, unit cost, and on the cost reconciliation schedule.

(Round calculation of cost per equivalent units to 3 decimal points.)