Acme Co produces a product that passes through two departments. For September, the following equivalent unit schedule was prepared for the first department:

		% Complete
	Units	Materials	Conversion
Units completed	20,000
Units in Ending Work-in-Process Inv.	4,000	100%	50%

Costs assigned to Beginning Work-in-Process Inventory:

Materials: $18,000

Conversion: $22,000

Manufacturing costs incurred during the month:

Materials: $46,800

Conversion: $53,900

Required:

1. Compute the equivalent units for the first department for September (using weighted average method).
2. Compute the unit cost in the first department.
3. Determine the cost of goods transferred out.
4. Determine the cost of Ending Work-in-Process Inventory.
5. In which product costing system is equivalent units calculated (Job Order or Processing)?