At the start of November, Penco Refinery had Work in Process inventory consisting of 4,500 units that were 70 percent complete with respect to materials and 60 percent complete with respect to conversion costs. The cost of the units was $38,900 ($25,100 of material cost and $13,800 of labor and overhead). During November, the company started 43,700 units and incurred $404,200 of material cost and $392,800 of labor and overhead. The company completed 45,300 units during the month, and 2,900 units were in process at the end of November. The units in ending Work in Process were 80 percent complete with respect to materials and 40 percent complete with respect to conversion costs.

Calculate the cost per equivalent unit for materials and conversion costs.

   Materials Conv. Costs

(a) Cost per equivalent unit $ ____________ $__________

(b) Calculate the cost of items completed during November. $ ______________

(c) Calculate the cost of ending Work in Process. $ ___________________