Calculating unit costs; units lost in production Seymour Brothers Products, Inc., manufactures a liquid product in one department. Due to the nature of the product and the process, units are regularly lost at the beginning of production. Materials and conversion costs are added evenly throughout the LO1 LO1 LO2 324 Principles of Cost Accounting process. The following summaries were prepared for the month of January: Production Summary Units Started in process 10,000 Finished and transferred to the stockroom . . . . . . . . . . . . . . . 8,000 In process, end of the month . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,000 Stage of completion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1/2 Lost in process . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,000 Cost Summary Materials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $132,000 Labor . . . 33,000 Factory overhead 20,625 Calculate the unit cost for materials, labor, and factory overhead for January and show the costs of units transferred and in process.