(Answered) Question - cost per equivalent unitthe following

Accounting

Question - Cost per Equivalent Unit

The following information concerns production in the Forging Department for September. All direct materials are placed into the process at the beginning of production, and conversion costs are incurred evenly throughout the process. The beginning inventory consists of $42,840 of direct materials.

ACCOUNT Work in Process-Forging Department ACCOUNT NO.

Date Item Debit Credit Balance

Debit Credit

Sept. 1 Bal., 3,600 units, 50% completed 46,980

Sept. 30 Direct materials, 33,000 units 379,500 426,480

Sept. 30 Direct labor 34,200 460,680

Sept. 30 Factory overhead 47,232 ? 507,912

Sept. 30 Goods finished, ? units ?

Sept. 30 Bal., 2,900 units, 70% completed ?

a. Determine the number of units transferred to the next department.

b. Determine the costs per equivalent unit of direct materials and conversion. If required, round your answer to two decimal places.

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