1 . ( TCO C ) Madlem , Inc ., produces and sells a single product whose selling price is $ 120.00 per unit and whose variable expense is $ 46.20 per unit . The company ' s fixed expense is $ 405,900 per month . Required : Determine the monthly breakeven in either unit or total dollar sales . Show your work ! ( Points : 25 ) Question 2.2 . ( TCO B ) Industrial Supply Corporation uses the weighted-average method in its process costing system . Data concerning the first processing department for the most recent month are listed below . Work in process , beginning : Units in beginning work in process inventory 400 Materials costs $ 6,900 Conversion costs $ 2,500 Percent complete for materials 80 % Percent complete for conversion 15 % Units started into production during the month 6,000 Units transferred to the next department during the month 5,200 Materials costs added during the month $ 112,500 Conversion costs added during the month $ 210,300
Ending work in process : Units in ending work-in-process inventory 1,200 Percentage complete for materials 75 % Percentage complete for conversion 30 % Required : Calculate the equivalent units for conversion for the month in the first processing department . ( Points : 25 ) Question 1.1 . ( TCO D ) The following absorption costing income statement and additional data are available from the accounting records of Bernon Co . for the month ended May 31 , XXXX . During the accounting period , 17,000 units were manufactured and sold at a price of $ 60 per unit . There were no beginning inventories . Bernon Co . Absorption Costing Income Statement for the Month Ended May 31 , XXXX Sales ( 17,000 @ $ 60 ) $ 1,020,000 Cost of goods sold 612,000 Gross profit $ 408,000