Problem $12-17$B Process costing system

Letcher Corporation makes blue jeans. Its process involves two departments, cutting and sewing. The

following data pertain to the cutting department's transactions in Year $2.$

The beginning balance in work in process inventory was $$30,000.$ This inventory consisted of fabric

for $7,000$ pairs of jeans. The beginning balances in raw materials inventory, production supplies,

and cash were $$224,000,$$$20,800,$ and $$286,000,$ respectively.

Direct materials costing $$167,200$ were issued to the cutting department; this amount of materials

was sufficient to start work on $21,000$ pairs of jeans.

Direct labor cost was $$144,000,$ and indirect labor cost was $$32,400.$ All labor costs were paid

in cash.

The predetermined overhead rate was $$0\mathrm{.}45$ per direct labor dollar.

Actual overhead costs other than indirect materials and indirect labor for the year amounted to

$$12,000,$ which was paid in cash.

The cutting department completed cutting $20,000$ pairs of jeans. The remaining jeans were

$40$ percent complete.

The completed units of cut fabric were transferred to the sewing department.

All of the production supplies had been used by the end of the year.

Over$-$ or underapplied overhead was closed to the Cost of Goods Sold account.

Required

a$.$ Determine the number of equivalent units of production.

b$.$ Determine the product cost per equivalent unit.

c$.$ Allocate the total cost between ending work in process inventory and units transferred to the

sewing department.

d$.$ Record the transactions in a partial set of T$-$accounts.

Please Include EXCEL formulas or sheet