Cost per Equivalent Unit The cost of direct materials transferred into the Rolling Department of Oak Ridge Steel Company is $516,200. The conversion cost for the period in the Rolling Department is $320,000. The total equivalent units for direct materials and conversion are 2,900 tons and 5,000 tons, respectively. Determine the direct materials and conversion costs per equivalent unit. Direct materials cost per equivalent unit: per ton Conversion cost per equivalent unit: per ton The following information concerns production in the Forging Department for November. All direct materials are placed in at the beginning of production, and conversion costs are incurred evenly throughout the process. The beginning inventory $29,700 of direct materials. ACCOUNT Work in Process-Forging Department ACCOUNT NO. Balance Date Item Debit Credit Credit Debit Nov. 1 Bal., 3,300 units, 50% completed 35,145 30 Direct materials, 30,000 units 261,000 296,145 30 Direct labor 43,710 339,855 30 Factory overhead 60,364 400,219 30 Goods finished, 2 units 30 Bal., 2,600 units, 60% completed Cost per equlvalent units of $8.70 for Direct Materials and $3.40 for Conversion Costs. Based on the above data, determine each of the following amounts. If required, round your interim calculations to two decimal places. Round final answers (a-c) to the nearest dollar a. Cost of beginning work in process inventory completed in November