Golding's finishing department had the following data for July:

Transferred$-$In Materials Conversion

Units transferred out $60,00060,00060,000$

Units in EWIP $12,00011,00012,000$

Equivalent units $72,00071,00072,000$

Costs:

Work in process, July $1$:

Transferred$-$in from fabricating $$2,100$

Materials $1,500$

Conversion costs $3,000$

Total $$6,600$

Current costs:

Transferred$-$in from fabricating $$30,900$

Materials $22,500$

Conversion costs $45,300$

Total $$98,700$

Required:

$1.$ Calculate unit costs for the following categories: transferred$-$in$,$ materials, and conversion. Round your answers to the nearest cent.

Unit transferred$-$in cost $$\_\_\_\_\_$

Unit materials cost $$\_\_\_\_\_$

Unit conversion cost $$\_\_\_\_\_$

$2.$ Calculate total unit cost. Round your answer the nearest cent.

$$\_\_\_\_\_.$

Answer rating: 100% (QA)

To calculate unit costs we need to divide the total costs by the equival... View the full answer