Question: Question: Please use Excel: Cornerstone Exercise: Unit Cost, Valuing Goods Transferred Out and EWIP. During May, the molding department of Lawler Foundry completed and transferred

Question: Please use Excel:

Cornerstone Exercise: Unit Cost, Valuing Goods Transferred Out and EWIP. During May, the molding department of Lawler Foundry completed and transferred out

42, 000

units. At the end of May, there were

15, 000

units in process,

60

percent complete. Paterson incurred manufacturing costs totaling $

612, 000 .

Required:

Calculate the unit cost.

Calculate the cost of goods transferred out and the cost of EWIP.

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