18.5A Calculate Cost per Equivalent Unit L.O. 2, 3, 4 Badgersize Company has the following information for its Forming Department for the month of August: Work in Process Inventory, August 1: 20,000 units Direct materials: 100% complete $ 80,000 Conversion: 20% complete 24,000 Balance in work in process, August 1 $ 104,000 Units started during August 46,000 Units completed and transferred in August 60,000 Work in process (70% complete), August 31 ? Costs charged to Work in Process in August Direct materials $ 171,000 Conversion costs: Direct labor $ 101,000 Overhead applied 149,000 Total conversion $ 250,000 Assume materials are added at the start of processing. a. Calculate the equivalent units for the Forming Department for the month of August. Direct materials Conversion Equivalent units b. Find the cost per equivalent unit of the transferred units. (Round your answers to 2 decimal places. Omit the "$" sign in your response.) Direct materials Conversion Cost per equivalent unit $ $