Answer and Explanation:
1. The computation of unit cots is shown below:-
Unit cost = Total cost ÷ Equivalent units of output
Cost of per unit = $1,100,000 ÷ 220,000
= $5
2. The computation of the total cost of units transferred out and cost assigned to units in ending inventory is shown below:-
               Transfer Out    EWIP      Total
Cost accounted for: Â Â
Goods transfer Out
(196,000 x $5) Â Â Â Â Â Â $980,000 Â Â Â Â Â Â Â Â Â Â Â Â Â $980,000
Goods EWIP
(24,000 x $5) Â Â Â Â Â Â Â Â Â 0 Â Â Â Â Â Â Â $120,000 Â Â Â $120,000
Total Cost           $980,000  $120,000    $1,100,000
EWIP = Ending work in process