"Solving Managerial Accounting Problems Using Microsoft Excel
for Windows Templates by Rex A Schildhouse"

Problem P3-1 Comprehensive Problem, One Department
Regal Polish manufactures a single product in one department and uses a process costing system. At the start of
May, there were 10,000 units in process that were 100% complete with respect to direct
Materials and 60% complete with respect to conversion costs (labor and overhead). During the
Month, the company began production on 105,000 units and ending Work in Process Inventory
Consisted of 5,000 units that were 100% complete with respect to material and
70% complete with respect to conversion costs.
Cost Information: Beginning Work in Process Costs Added in May
Direct material $4,000 $76,500
Direct labor 200 8,880
Manufacturing overhead 300 9,915
Total: $4,500 $95,295

Required:
Part a. Calculate the cost per equivalent unit for each of the three cost items and in total.
Text answer as desired.