Review the preliminary data, then scroll down and click in the boxed areas. A pick list will launch. Click on the pick list icon to reveal a drop$-$down menu of choices. Select the correct choices to complete the "calculations of cost per equivalent unit." Correct selections will turn the boxed areas green.

"The following assumptions should be used in completing this lab:

$(1)$ Weighted$-$average method.

$(2)$ Ending work in process was $80\%$ complete with respect to material.

$(3)$ Ending work in process was $50\%$ complete with respect to conversion.

$(4)$ The $""$unit reconciliation"" has been correctly prepared.

$(5)$ Total costs are as indicated."

UNIT RECONCILIATION:

Quantity Schedule

Beginning Work in Process $200,000$

Started into Production $400,000$

Total Units into Production $600,000$

Equivalent Units Calculations:

Conversion

Direct Materials Direct Labor Factory Overhead

Transferred to Next Department $500,000500,000500,000500,000$

Ending Work in Process $100,00080,00050,00050,000$

Total Units Reconciled $600,000580,000550,000550,000$

Cost Per Equivalent Unit:

Conversion

Total Cost Direct Materials Direct Labor Factory Overhead

Beginning Work in Process $$748,000$ $$375,000$ $$300,000$ $$73,000$

Started into Production $1,600,000785,000690,000125,000$

Total Cost $$2,348,000$ $$1,160,000$ $$990,000$ $$198,000$

Equivalent Units $580,000550,000550,000$

Cost Per Equivalent Unit: $$2\mathrm{.}00$ $$1\mathrm{.}80$ $$0\mathrm{.}36$

$1.$ Equivalent Units for Material is calculated by $500,000$ units Transferred to Next Department plus $................$ units of Ending Work in Process times $80\%$ complete with respect to the material.

$2.$ Equivalent Units for Direct Labor is calculated by $500,000$ units Transferred to Next Department plus $.............$ units of Ending Work in Process multiply by $50\%$ complete with respect to the direct labor.

$3.$ Cost per Equivalent Unit for Direct Material is calculated by dividing $ $.............$ by $580,000$ DM Equivalent Units

$4.$ Cost per Equivalent Unit for Direct Labor is calculated by dividing $ $.............$ by $550,000$ DL Equivalent Units

$5.$ Cost per Equivalent Unit for Factory Overhead is calculated by dividing $ $.............$ by $550,000$ OH Equivalent Units

$6.$ What is the total Conversion Cost per Equivalent Unit?