Exercise 3:This exercise looks at a case where equivalent units have been computed and you are to compute the cost per unit for both materials and conversion costs.

The Case is as follows. Production costs chargeable to Finishing Department in June of 2019 in Cables Casio Company are materials $16,000; labor costs $29, 500 and overhead costs of $18,000. Equivalent units of materials are 20,000 and conversion costs are 19,000.

Required:

(a) Compute the unit costsfor Materials and Conversion Costs

(b) Compute the Cost of Units Completed and transferred out of 16,000.

(c) Compute the cost units in Ending work in process of 4,000 units that are 20% completed.