Using the data in SE4 and SE5, assign costs to the units transferred out and to the units in ending inventory for July.

In SE4, Pearl Glaze adds direct materials at the beginning of its production process and adds conversion costs uniformly throughout the process. Given the following information from Pearl’s records for July and using Steps 1 and 2 of the FIFO costing method, compute the equivalent units of production:

Units in beginning inventory ......... 3,000

Units started during the period .........17,000

Units partially completed in prior period .... 2,500

Percentage of completion of ending ....... 100% for direct materials;

work in process inventory .......... 70% for conversion costs

Percentage of completion of beginning ..... 100% for direct materials;

inventory in prior period ........... 40% for conversion costs

In SE5, Using the information from SE4 and the data that follow, compute the total cost per equivalentunit.

Beginning Work in Process $7,600 2,545 Costs for the Period $20,400 32,490 Direct materials Conversion costs