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At the beginning of the month, the Painting Department of Skye Manufacturing had 25,000 units in inventory, 70% complete as to materials, and 20% complete

At the beginning of the month, the Painting Department of Skye Manufacturing had 25,000 units in inventory, 70% complete as to materials, and 20% complete as to conversion. The cost of the beginning inventory, $33,650, consisted of $27,400 of material costs and $6,250 of conversion costs. During the month the department started 120,000 units and transferred 127,500 units to the next manufacturing department. Costs added in the current month consisted of $260,360 of materials costs and $529,275 of conversion costs. At the end of the month, the department had 17,500 units in inventory, 40% complete as to materials and 15% complete as to conversion. If Skye Manufacturing uses the weighted average method of process costing, compute the costs per equivalent unit of materials and conversion respectively for the Painting Department.

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$2.17; $4.03.

$2.17; $4.20.

$1.92; $4.03.

$2.46; $4.28.

$2.14; $4.12.

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