#1. At the start of November, Penco Refinery had Work in Process inventory consiting of 4,000 units that were 70% complete with respect to materials and 50% complete with respect to conversion costs. The cost of the units was $38,300 ($25,000 of material cost and $13,300 of labor and overhead). During November, the company started 41,400 units and incurred $400,200 of material cost and $395,500 of labor and overhead. The company completed 42,800 units during the month and 2,600 units were in process at the end of November. The units in Ending Work in Process were 80% complete with respect to materials and 50% complete with respect to conversion costs.

1. Calculate the cost per equivalent unit for materials & conversion costs. 2. Calculate the cost of items completed during November. 3. Calculate the cost of Ending Work in Process.

If you are wondering, yes I have attempted this problem many times and continue to get it wrong on my homework. I need a breakdown to understand what math/formulas are going into each step and I am getting very lost trying to understand what goes into Units Started & Completed when calculating Total Equivalent Units. Thus, I need to see the detailed work. Thank you in advance!!