Ice cream 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: beginning work in process inventory: units in beginning work in process inventory 1,000 materials costs $ 13,100 conversion costs $ 5,200 percent complete with respect to materials 75 % percent complete with respect to conversion 20 % units started into production during the month 9,700 units completed and transferred to the next department during the month 8,600 materials costs added during the month $ 172,200 conversion costs added during the month $ 242,200 ending work in process inventory: units in ending work in process inventory 2,100 percent complete with respect to materials 90 % percent complete with respect to conversion 30 % the cost per equivalent unit for materials for the month in the first processing department is closest to:

Kandon enterprises, inc., has two operating divisions; one manufactures machinery and the other breeds and sells horses. both divisions are considered separate components as defined by generally accepted accounting principles. the horse division has been unprofitable, and on november 15, 2018, kandon adopted a formal plan to sell the division. the sale was completed on april 30, 2019. at december 31, 2018, the component was considered held for sale. on december 31, 2018, the company’s fiscal year-end, the book value of the assets of the horse division was $415,000. on that date, the fair value of the assets, less costs to sell, was $350,000. the before-tax loss from operations of the division for the year was $290,000. the company’s effective tax rate is 40%. the after-tax income from continuing operations for 2018 was $550,000. required: 1. prepare a partial income statement for 2018 beginning with income from continuing operations. ignore eps disclosures. 2. prepare a partial income statement for 2018 beginning with income from continuing operations. assuming that the estimated net fair value of the horse division’s assets was $700,000, instead of $350,000. ignore eps disclosures.