Weighted Average Method, Physical Flow, Equivalent Units, Unit Costs, Cost Assignment, ABC the following data: a. In Cutting, all direct materials are added at the beginning of the process. applied overhead, $150,000. c. Costs added to production during the month were direct materials, $2,695,800; direct labor, $3,477,200. Overhead was assigned using the following information: Required: 1. Determine the unit cost for each model using direct labor hours to apply overhead. Round intermediate calculations and final answers to nearest cent. Unit Cost Model A Model B 2. Determine the unit cost for each model using the four activity drivers. Round your answers to nearest cent. Direct labor hours es the more accurate cost assignment? Four activity drivers Job Costs, Ending Work in Process During March, Estes Company worked on three jobs. Data relating to these three jobs follow: of the month. Job 88 was the only unfinished job at the end of the month. Required: 1. Calculate the per-unit cost of Jobs 86 and 87 . Round your answers to the nearest cent. Job 86$ per unit Job 87 per unit 2. Compute the ending balance in the work-in-process inventory account. Round your answer to the nearest cent. Completion of Jobs 86&87 Sale of Job 87 (cost) Sale of Job 87 (sale) Direct materials are added at the beginning of the process. Ending inventory is 80 percent complete with respect to direct labor and overhead. Required: Unit Information Units to account for: Units in beginning WIP Units started Total units to account for Units accounted for: Units completed Units in ending WIP Total units accounted for Work completed Costs to account for: Costs in beginning WIP Costs incurred during the period Total costs to account for Cost per equivalent unit Costs accounted for: Units completed Ending work in process Total costs accounted for Equivalent Units Cost Information Direct Materials Conversion Costs Total Weighted Average Method, Physical Flow, Equivalent Units, Unit Costs, Cost Assignment, ABC the following data: a. In Cutting, all direct materials are added at the beginning of the process. applied overhead, $150,000. c. Costs added to production during the month were direct materials, $2,695,800; direct labor, $3,477,200. Overhead was assigned using the following information: Required: 1. Determine the unit cost for each model using direct labor hours to apply overhead. Round intermediate calculations and final answers to nearest cent. Unit Cost Model A Model B 2. Determine the unit cost for each model using the four activity drivers. Round your answers to nearest cent. Direct labor hours es the more accurate cost assignment? Four activity drivers Job Costs, Ending Work in Process During March, Estes Company worked on three jobs. Data relating to these three jobs follow: of the month. Job 88 was the only unfinished job at the end of the month. Required: 1. Calculate the per-unit cost of Jobs 86 and 87 . Round your answers to the nearest cent. Job 86$ per unit Job 87 per unit 2. Compute the ending balance in the work-in-process inventory account. Round your answer to the nearest cent. Completion of Jobs 86&87 Sale of Job 87 (cost) Sale of Job 87 (sale) Direct materials are added at the beginning of the process. Ending inventory is 80 percent complete with respect to direct labor and overhead. Required: Unit Information Units to account for: Units in beginning WIP Units started Total units to account for Units accounted for: Units completed Units in ending WIP Total units accounted for Work completed Costs to account for: Costs in beginning WIP Costs incurred during the period Total costs to account for Cost per equivalent unit Costs accounted for: Units completed Ending work in process Total costs accounted for Equivalent Units Cost Information Direct Materials Conversion Costs Total