Coleman Counter Co. produces quartz countertops in1. two sequential production departments: Forming and Polishing. The Polishing Department calculated the following costs per equivalent unit (square feet) on its January production cost report: What was the cost per square foot of the finished product? Did most of the production cost occur in the Forming Department or in the Polishing Department? Explain how you can tell where the most production cost occurred What was the gross profit per square foot? What was the total gross profit on the countertops produced in January? 2. (Click the icon to view the costs per equivalent unit.) 3. 4. During January, 165,000 square feet were completed and transferred out of the Polishing Department to Finished Goods Inventory. The countertops were subsequently sold for $12.50 per square foot Data Table Transferred-in Direct Materials Conversion Costs Cost per equivalent unit$ 2.84 0.10 1.60