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Nexicom Corporation produces a semiconductot chip used in communications. The direct materials are added at...

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Accounting

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Nexicom Corporation produces a semiconductot chip used in communications. The direct materials are added at the start of the production process while conversion costs are adde 55,000,000. NextCom started 500,000 chips and completed 300,000 of them in June Ending inventory was 50% complete as to conversion costs Compute (a) the equivalent units of work done in June, and (b) the total manulachuring cost per chip. Allocate the total costs between the completed chips and those in ending irventory Compute (b) the total manufacturing cost per chip. (Round your answer to the nearest cent.) Begin by calculating cost per equivalent unit for direct materials and conversion costs. Finally, assign total costs to units completed (and transferred out) and to units in ending work in process. \begin{tabular}{l} Total \\ \hline Completed and transferred out \\ Work in process, ending \\ Total costs accounted for \end{tabular}

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