The polishing department of Estaban Manufacturing company hasthe following production and manufacturing cost data for September.Materials are entered at the beginning of the process.
Production: Beginning inventory 1,600 units that are 100%complete as to materials and 30% complete as to conversion costs:Units started during the period are 18,400; ending inventory of5,000 units 10% as to conversion costs.
Manufacturing costs: beginning inventory costs comprised of$20,000 0f materials and $43,180 of conversion costs; materialcosts added in polishing during the month, $ 177,200; labor andoverhead applied in polishing during the month, $102,680 and$257,140 respectively.
- Compute the equivalent units of production for materials andconversion costs for the month of September
- Compute the unit cost for materials and conversion cost for themonth
- Determine the costs to be assigned to the units transferred outHand in process