Chapter 6, Problem 4CE

During October, McCourt Associates incurred total production costs of $60,000 for copyediting manuscripts and had the following equivalent units schedule:

Required:

1. 1. Calculate the cost of copyediting one manuscript for October.
2. 2. Assign costs to manuscripts completed and to EWIP and then do a cost reconciliation.
3. 3. What if the costs assigned to units completed and EWIP total were calculated using a unit cost of $225? What is the discrepancy between the costs assigned and the costs to account for? What could have caused an incorrect unit cost?