Match the following terms with the definitions shown below.
a. Conversion costs.
b. Equivalent units.
c. Transferred-in costs.
d. Cost per equivalent unit.
(1) The costs associated with units received from a preceding department for further processing.
(2) The unit cost in a process costing system.
(3) The costs associated with changing units of direct materials into finished products; they include both direct labor and manufacturing overhead.
(4) The quantity of partially completed units expressed in terms of whole units.