Transferred-in	Direct Materials	Conversion Costs
Cost per equivalent unit:	$2.94	$0.30	$1.46

Formic CountertopFormic Countertop produces Formica countertops in two sequential production? departments: Forming and Polishing. The Polishing Department calculated the following costs per equivalent unit? (square metres) on its OctoberOctober production cost? report:

?

During October 180,000 square metere were completed and transferred out of the Polishing Department to finished goods inventory. The countertops were subsequently sold for

$ 13.00 per square metre.

Requirements

1.	What was the cost per square metre of the finished? product?
2.	Did most of the production cost occur in the Forming Department or in the Polishing? Department? Explain how you can tell.
3.	What was the gross profit per square? metre?
4.	What was the total gross profit on the countertops produced in OctoberOctober??

Enter the? formula, then compute the gross profit per square metre.

		x		=	Total gross profit
		x		=