1b. Equivalent units in beginning WIP = 40%*5000 = 2000 units
Units started and completed = 28000-5000 = 23000 units
Equivalent units in ending WIP = 2000*80% = 1600 units
Total equivalent units = 2000+23000+1600 = 26,600 units
1c. Total costs = 57800 + 95220 = $153,020
Cost per unit = $153,020/26600 units = $5.75
1d. cost of EWIP = $5.75*1600 units = $9200
cost of goods transferred out = 28000*5.75 = $161,000
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