Balfanz Company has the following information for its Finishing Department for the month of September:

Work in Process Inventory, September 1: 50,000 units

Direct materials: 100% complete . . . . . . . . . . . . . . . . . . $ 150,000

Conversion: 40% complete . . . . . . . . . . . . . . . . . . . . . . 120,000

Balance in work in process, September 1 . . . . . . . ... $ 270,000

Units started during September . . . . . . . . . . . . . . . . . . .. 300,000

Units completed and transferred in September . . . . . . . . . 280,000

Work in process (80% complete), September 30 . . . . . . ?

Costs charged to Work in Process in September

Direct materials . . . . . . . . . . . . . . . . . . . . . . . . ..... $1,200,000

Conversion costs:

Direct labor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,000,000

Overhead applied . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,212,000

Total conversion . . . . . . . . . . . . . . . . . . . . . . . . . . ..... $2,212,000

Instructions

a. Calculate the equivalent units for the Finishing Department for the month of September.

b. Find the cost per equivalent unit of the transferred units.