Transferred-In Cost
Golding's finishing department had the following data forJuly:
| Transferred-In | | Materials | | Conversion |
Units transferred out | 60,000 | | 60,000 | | 60,000 |
Units in EWIP | 13,000 | | 11,000 | | 9,000 |
Equivalent units | 73,000 | | 71,000 | | 69,000 |
Costs: | | | | | |
Work in process, July 1: | | | | | |
Transferred-in from fabricating | $2,100 | | | | |
Materials | 1,500 | | | | |
Conversion costs | 3,000 | | | | |
Total | $6,600 | | | | |
Current costs: | | | | | |
Transferred-in from fabricating | $30,900 | | | | |
Materials | 22,500 | | | | |
Conversion costs | 45,300 | | | | |
Total | $98,700 | | | | |
Required:
1. Calculate unit costs for the followingcategories: transferred-in, materials, and conversion. Round youranswers to the nearest cent.
Unit transferred-in cost | $ |
Unit materials cost | $ |
Unit conversion cost | $ |
2. Calculate total unit cost. Round your answerthe nearest cent.
$