PROCESS COSTING Instructions: Using the following data, complete the requirements given below.

The Machining Department of Sinclair Corporation reports the following for October 2017:

Production: All materials are added at the beginning of the process. Beginning work in process 20,000 units, 40% complete. Units started into production 200,000 units. Ending work in process 10,000 units, 70% complete.

Manufacturing Costs: Beginning work in process, $45,000, comprised of $17,000 of materials and $28,000 on conversion costs. Materials added $203,000; labor and overhead added $774,900.

Compute equivalent units of production for (1) materials and (2) conversion costs:

Assume you computed the unit cost for the month for (1 ) materials and (2) conversion cost and your answers were $1.00 for materials and $3.50 for conversion costs. Determine the costs to be assigned to the units transferred out.

Once the costs to be assigned to the units transferred out have been determined, then determine the costs assigned to the units in ending work in process.