Tracker Sports Is a Manufacturer of Sportswear Required:
(HINT: Use 4 Decimal Places in Your Calculations)
A

Tracker Sports is a manufacturer of sportswear.Tracker produces its products in two departments.The information for the current month for Department #2 is as follows:
Beginning WIP was half complete as to conversion costs.Direct materials for Department #2 are added when the process is 25% complete.Factory overhead is applied at a rate equal to 50 percent of direct manufacturing labor.Ending WIP was 60 percent complete.Tracker Sports uses first-in,first-out (FIFO)costing.
$$\begin{array} { | l | r | r | } \hline \text { Beginning work-in-process } & 20,000 & \text { units } \\\hline \text { Units transterred in from Dept \#1 } & 40,000 & \text { units } \\\hline \text { Units completed } & 50,000 & \text { units } \\\hline \text { Ending work-in-process } & 10,000 & \text { units } \\\hline \text { Beginning WIP transterred in costs } & \$ 50,000 & \\\hline \text { Beginning WIP direct materials } & \$ 12,000 & \\\hline \text { Beginning WIP direct labor } & \$ 3,200 & \\\hline \text { Beginning WIP ow erhead } & \$ 1,600 & \\\hline \text { Costs transterred in from Dept \# } 1 & \$ 100,000 & \\\hline \text { Direct material added during month } & \$ 60,000 & \\\hline \text { Direct manutacturing labor during month } & \$ 20,000 & \\\hline \text { Manufacturing overhead applied } & ? ? ? & \\\hline\end{array}$$
Required:
(HINT: use 4 decimal places in your calculations)
a.Compute the equivalent units of production for each input.b.Compute the cost per unit.c.Compute the cost transferred out to finished goods.d.Compute the ending work-in-process inventory balance.