4 "I think we goofed when we hired that new assistant controller," said Ruth Scarpino, president of Provost Industries. Just look at this report that he prepared for last month for the Finishing Department.I can't understand it." nts Finishing Department costs Work in process inventory, April 13,808 units; materials 100% complete; conversion 60% complete $ 32,e98 Costs transferred in during the month from the 255,998 8,188 266,492 $624,672 preceding department, 175,888 units Print Materials cost added during the month Conversion costs incurred during the month Total departmental costs eferences Finishing Department costs assigned to Units completed and transferred to finished goods, 188,880 units at $3.47848 per unit 624,672 Work in process inventory, April 3e, 8,80 units; materials 8% complete; conversion 48% complete Total departmental costs assigned $624,672 Consists of cost transferred in, $9,090; materials cost, $3.700; and conversion cost, $19,300. He's struggling to learn our system." replied Frank Harrop, the operations manager. "The problem is that he's been away from process costing for a long time, and it's coming back slowly" "It's not just the format of his report that I'm concerned about. Look at that $3.470 unit cost that he's come up with for April. Doesn't that seem high to you? said Ms. Scarpino. "Yes, it does seem high; but on the other hand, I know we had an increase in materials prices during April, and that may be the explanation." replied Mr. Harrop. Tll get someone else to redo this report and then we can see what's going on. Provost Industries manufactures a ceramic product that goes through two processing departments-Molding and Finishing. The company uses the weighted-average method in its process costing. Requlrec: 1-a. Calculate the equivalent units of production. 1-b. Calculate the cost per equivalent unit. (Rund your answers to 2 declmal places.) 1-c. How much cost should have been assigned to the ending work in process inventory? (Round your Intermedlate calculations to 2 declmal places.) -d. How much cost should have been assigned to the units completed and transferred to finished goods? (Round your Intermedlate calculetlons to 2 declmal places.) Materials Total In Costs 1-a. Equivalent units of production -b. Cost per equivalent unit 1-c. Cost of ending work in process inventory 1-d. Cost of units completed and transferred out