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Required: 1. The TOTAL number of units in process during the month is units. 2. The equivalent units of production for material equals units. 3. The equivalent units of production for Conversion cost equals units. 4. The answer to #3 is found by adding together : 1. units multiplied by units and 2 percent. 5. The unit cost for material equals divided by divided by 6. The unit cost for conversion cost equals 7. The total cost to be accounted for equals 8. How many units were transferred out? 9. What is the total cost of units transferred out? The Cutting Department of Lawrence & Loud Company reports the following information for the month of July 2020: Materials are entered at the beginning of the cutting process Other costs are incurred evenly during the process Production results were: (1) 24.000 units were started at the beginning of July (2) At July 31, 2020, 4,000 units were loft 60% complete as to conversion and 100% complete as to material Cont accumulated during July include 9 $0 costs no beginning WIP 12) Material, $90,000 (3) Labor, $27.200 1 Manufacturing Overhead, $32.200. INSTRUCTIONS: (Hint: Be sure to have a blank Product Cost Report to help you) Answer the questions below. Strictly follow these specifications: Round S-amounts to the nearest 8.01 (penny). . Include a Son all dollar amounts. Include the decimal point and the cents on all dollar amounts Include a comma on all amounts where applicable For each blank, do not provide a longer answer than asked. ALL are one word or one s- amount answers Required: Click Save and submit to love and submit Cok Se All Armers to see all on Save As Answer Save and Submit (2) conceptual accuracy in addressing the issue or issues identified in the situation. Fiqual emphasis will be 3 38 S 3 5 & 7 7 6 8 9 0 V E R T Y Y U 0 P S F. G I J

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