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Problem 1 Amsterdam Corporation prodaces medical grade isotopes. The isolopes are produced in a single...

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Problem 1 Amsterdam Corporation prodaces medical grade isotopes. The isolopes are produced in a single continuous process and Amsterdam uses the weighted-average process costing method of accounting The prodaction process requires constant utilization of facilities and equipment, as well as direct labor by sklled technicians. As a resul, direct labor and factory overhead are both deemed to be introduced Amsterdam Corporation prepared the following "unit reconciliation" for the moath of April Beginning Work in Process Started into Production Total Unlts into Production MATERIALS DIRECT LABOR OVERHEAD 12,000 12.000 To Finished Goods Ending Work in Process Total Units Reconcled 12,000 4500 5,150 4250 50% The above beginning wock in process inventory had an assigned cost of $4.500,000, divided between direct materials (50%), direct labor (30%), and factory overhead (20%), Additional costs incurred during April were $15,000,000, divided between direct materials (15%), direct labor (20%), and factory overhead (65%). Prepare a schedale showing the calculation of cost per equivalent unit. Problem 2

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