Question

Please help with Part C

Exercise 16-11 (Part Level Submission) The Polishing Department of Major Company has the following production and manufacturing cost data for September. Materials are entered at the beginning of the process. Production: Beginning inventory 1,730 units that are 100% complete as to materials and 30% complete as to conversion costs; units started during the period are 46,900; ending inventory of 7,700 units 10% complete as to conversion costs. Manufacturing costs: Beginning inventory costs, comprised of $22,100 of materials and $38,332 of conversion costs; materials costs added in Polishing during the month, $220,077; labor and overhead applied in Polishing during the month, $127,100 and $258,240, respectively. (a) Your answer is correct. Compute the equivalent units of production for materials and conversion costs for the month of September. Materials Conversion Costs The equivalent units of production 48,630 41,700 Click if you would like to Show Work for this question: Open Show Work

Answer 1

Cost of units transferred out				EUP	Cost/ EUP	Total Cost
Direct Materials				40930	$      4.98	$          203,831
Conversion				40930	$   10.16	$          415,849
Total costs transferred out						$          619,680
Cost of ending work in process				EUP	Cost/ EUP	Total Cost
Direct Materials				7700	$      4.98	$            38,346
Conversion				770	$   10.16	$              7,823
Total cost of ending work in process						$            46,169

Is it correct?