Cases Garden Life Company manufactures a plant nutrient known as Garden Pride. The manufacturing process begins in the Grading Department when raw materials are started in process. Upon completion of pro- cessing in the Grading Department, the output is transferred to the Saturating Department for the final phase of production. Here the product is saturated with water and then dried again. There is no weight gain in the process, and the water is virtually cost-free. The following information is available for the month of November, Case 16 Sequential Production Departments; FIFO; (Appendix to Chapter 4) Process Costing: The First-In, First-Out Method November 1 November 30 Cost Quantity Work-in-Process Inventories (pounds) Grading Department None Saturating Department ... ... 1,600 "Includes $3,750 in Saturating Department comersion costs. Quantity (pounds) None 2,000 $17,600 The work-in-process inventory in the Saturating Department is estimated to be 50 percent complete both at the beginning and end of November. Costs of production for November are as follows: Materials Costs of Production Used Conversion Grading Department S265,680 $86,400 Saturating Department 85,920 The material used in the Grading Department weighed 36,000 pounds. Required: Use the FIFO method to prepare production reports for both the Grading and Saturating Departments for the month of November. In calculating unit costs, round your answer to four decimal places. The answer should include: 1. Equivalent units of production (in pounds). 2. Total manufacturing costs. 3. Cost per equivalent unit (pounds). 4. Cost of ending work-in-process inventory. 5. Cost of goods completed and transferred out. (CPA adapted)