Solution 1:
Equivalent units of conversion = Units completed and transferred out *100% + Units in ending WIP * % of completion
= (24300*100%) + (4000*20%) = 25100 units
conversion cost per equivalent unit = $128,010 / 25100 = $5.10 per unit
Hence 3rd option is correct.
Solution 2:
Total overhead assigned = (2470+4000)*$3 = $19,410
Therefore entry to assign overhead include "Credit to manufacturing overhead $19,410"
Hence 2nd option is correct.
Solution 3:
Equivalent units of conversion = (32500 - 11500) + 11500*80% = 30200 units
Hence last option is correct.
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