The Polishing Department of Lorin Company has the following production and manufacturing cost data for September. Materials are entered at the beginning of the process.
Production: Beginning inventory 1,600 units that are 100% complete as to materials and 30% complete as to conversion costs; units started during the period are 39,500; ending inventory of 6,200 units 10% complete as to conversion costs.
Manufacturing costs: Beginning inventory costs, comprised of $22,060 of materials and $52,686 of conversion costs; materials costs added in Polishing during the month, $191,660; labor and overhead applied in Polishing during the month, $126,220 and $257,990, respectively.
a) Compute the equivalent units of production for materials and conversion costs for the month of September.
The equivalent units of production:
Materials:
Conversion Costs: