Question

Mora Company has the following production data for March: no beginning work in process, 33,500 units started and completed, and 4,960 units in ending work in process that are 100% complete for materials and 40% complete for conversion costs. Mora uses the FIFO method to calculate equivalent units. Unit materials cost is $6 and unit conversion cost is $13. The total costs to be assigned are $692,052.

(a) Calculate the costs to be assigned to the units transferred out and the units in ending work in process.

Cost of units transferred out		$enter a dollar amount
Cost units in ending work in process		$enter a dollar amount

(b) Prepare the cost section of the production cost report for Mora Company.

MORA COMPANY (Partial) Production Cost Report For the Month Ended March 31
COSTS		Materials		Conversion Costs		Total
Unit costs
Costs in March		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount
Equivalent units		enter a number of units		enter a number of units
Unit costs		$enter a total amount		$enter a total amount		$enter a total amount
Costs to be accounted for
In process, March 1						$enter a dollar amount
Costs in March						enter a dollar amount
Total costs:						$enter a total amount
Costs accounted for
Transferred out
In process, March 1						$enter a dollar amount
Started and completed						enter a dollar amount
In process, March 31
Materials				$enter a dollar amount
Conversion costs				enter a dollar amount		enter a subtotal of the two previous amounts
Total costs:						$enter a total amount