A company that makes baseball gloves produces them using 2 production departments. When the gloves are produced they first go through the Fabrication Department, which produces the pieces that are later assembled into a glove. After the Fabrication Department completes its work on the glove, the glove goes to the Assembly Department to finish putting the glove together.

The following data is for the Assembly Department (the second department that works on the gloves) for the month of November:

Units in the beginning work-in-process inventory 9,000

Units started during the month 51,000

Units completed during the month and transferred to Finished Goods 52,000

Units in the ending work-in-process inventory 8,000

Units in the ending work-in-process inventory are 75% completed in terms of direct materials and 45% completed in terms of conversion costs

Costs in the beginning work-in-process inventory - $45,000 of costs transferred in from the Fabrication Department, $55,000 of direct materials costs, and $70,000 of conversion costs

Costs added in the month of November - $255,000 of costs transferred in from the Fabrication Department, $293,000 of direct materials costs, and $319,200 of conversion costs

Please complete the 5 steps of involved in process costing:

1. Account for all the units

2. Calculate the number of equivalent units in terms of transferred-in costs, direct materials and conversion costs

3. Calculate the amounts spent on transferred-in costs, direct materials and conversion costs

4. Calculate the cost per equivalent unit for transferred-in costs, direct materials and conversion costs

5. Allocate the total amount spent between the cost of goods completed (transferred to Finished Goods) and the cost assigned to the ending work-in-process inventory.