Question: Unit Cost and Cost Assignment, Nonuniform Inputs Loran Inc. had the following equivalent units schedule and cost for its fabrication department during September Materials

Unit Cost and Cost Assignment, Nonuniform Inputs Loran Inc. had the following equivalent units schedule and cost for its fabrication department during September Materials Conversion Units completed 180,000 180,000 Add: Units in ending WIP x Fraction.complete 65,000 37,050 (65,000 x 57%) Equivalent units of output 245,000 217,050 Costs Work in process, September 11 Materials $147,000 Conversion costs 7.875 Total $154,875 Current costs Materials $1,175,000 Conversion costs Total 311,340 $1,406,340 Required: 1. Calculate the unit cost for matenais, for conversion, and in total for the fabrication department for September If required, round your answers to the nearest cent Unit materials cost Unit.conversion.com
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