please provide handwritten solutions IV. The Polishing Department of Longbine Manufacturing Company has the following production andmanufacturing 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 asto conversion costs; units started during the period are 12,000; ending inventory of 3,000 units 10% complete asto conversion costs.Manufacturing costs: Beginning inventory costs, comprised of $20,000 of materials and $43,180 ofconversion costs; materials costs added in Polishing during the month, $167,680; labor and overhead applied inPolishing department during the month, $100,080 and $277,480 respectively.Instructions:1. Compute the physical flow of units2. Compute the equivalent units of production for materials and conversion costs for the month ofSeptember3. Compute the unit costs for materials and conversion costs for the month4. Determine the costs to be assigned to the units transferred out and in process.

The first question is a compensation package comparison problem, where the two alternatives are…

Instructions: 1. Compute the physical flow of units 2. Compute the equivalent units of production for materials and conversion costs for the month of September 3. Compute the unit costs for materials and conversion costs for the month 4. Determine the costs to be assigned to the units transferred out and in process.

Instructions: 1. Compute the physical flow of units 2. Compute the equivalent units of production for materials and conversion costs for the month of September 3. Compute the unit costs for materials and conversion costs for the month 4. Determine the costs to be assigned to the units transferred out and in process.

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 1CMA: During December, Krause Chemical Company had the following selected data concerning the manufacture...

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