Question: I need to answer this. I did what I think i need to do below with the conversion costs Estimate and explain the cost per

I need to answer this. I did what I think i need to do below with the conversion costs

Estimate and explain the cost per cookie based on process costing with 40% conversion costs. Identify the top three processes you feel are needed to make the cookies and prepare a production cost sheet for one of those processes.

Cost:MaterialLaborOverheadTrans InTotal

Beginning WIP $-----

Cost incurred$90.00 $480.00 $144.00 -$714.00

Total90.480.00 144.00 714.00

Units:

Units Complete1,000.00 1,000.00 1,000.00 1,000.00

Equivalent Units 1000 x 100%= 1000% 1000x 40%=4001000 x 40%=400

Total-

Cost per unit$0.09 $1.20 $0.36 $1.65

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