QUESTION 5 The cost of direct materials transferred into the Rolling Department of Keystone Steel Company is $510,000. The conversion cost for the period in the Rolling Department is $81,200. The...

Extracted text: QUESTION 5 The cost of direct materials transferred into the Rolling Department of Keystone Steel Company is $510,000. The conversion cost for the period in the Rolling Department is $81,200. The total equivalent units for the disrect materials and conversion are 8,500 tons and 8,120 tons, respectively. Determine the direct materials and conversion costs per equivalent unit Direct Materials = $60 per ton Conversion = $10 per ton %3D Direct Materials = $10 per ton %3D Conversion = $60 per ton Direct Materials = $ 85,000 per ton %3D Conversion = $81,200 per ton Direct Materials $6 per ton Conversion = $1 per ton