Question: Please help!!! Answer yellow highlighted boxes. General Information The I See The Light Company has a related company that produces the figurines. They use process

Please help!!! Answer yellow highlighted boxes.

General Information

The I See The Light Company has a related company that produces the figurines. They use process costing

in the molding department. The factory overhead is applied at a rate of 50% of direct labor dollars.

The material is added at the beginning of the process. The labor and overhead costs are assumed

to be added uniformly throughout.

Month of January

Selected information for January is presented below. Note that the applied overhead rate was

50% of direct labor costs in the molding department.

Molding Department

Goods in-process as of January 1 were 2,800 figurines at a cost of $46,480.00. Of this amount, $44,800.00 was from

raw materials added, $1,120.00 for labor and $560.00 for overhead. These 2,800 figurines were assumed to be

20.00% complete as to labor and overhead.

During January, 24,000 units were started, $388,560.00 of materials and $44,380.00 of labor costs were incurred.

The 4,500 figurines that were in-process at the end of January were assumed to be 10.00% complete to

labor and overhead.

total cost in beginning inventory (round to 2 places):

total cost of material this period (round to 2 places):

Total cost of Conversion this period (Round to two places)

Total cost to account for (Round to two places)

Cost per equivalent unit of Material this period (Round to seven places)

Cost per equivalent unit of Conversion this period (Round to seven places)

Cost of the units transferred, material and conversion (Round to two places)

Cost of the ending inventory, material and conversion (Round to two places)

Total Cost accounted for (Round to two places)

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