Cost per Equivalent Unit The following information concerns production in the Forging Department for November. All direct materials are placed into the pro beginning of production, and conversion costs are incurred evenly throughout the process. The beginning inventory consists of $47, materials. ACCOUNT Work in Process-Forging Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Nov. 56,494 1 Bal., 4,700 units, 70% completed 30 Direct materials, 43,000 units 30 Direct labor 430,000 486,494 49,070 535,564 30 Factory overhead 67,759 ? 603,323 ? 30 Goods finished, 2 units 30 Bal., 3,800 units, 70% completed 2 a. Determine the number of units transferred to the next department. units b. Determine the costs per equivalent unit of direct materials and conversion. If required, round your answer to two decimal places. Cost per equivalent unit of direct materials $ Cost per equivalent unit of conversion c. Determine the cost of units started and completed in November Cost per Equivalent Unit The following information concerns production in the Forging Department for November. All direct materials are placed into the pro beginning of production, and conversion costs are incurred evenly throughout the process. The beginning inventory consists of $47, materials. ACCOUNT Work in Process-Forging Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Nov. 56,494 1 Bal., 4,700 units, 70% completed 30 Direct materials, 43,000 units 30 Direct labor 430,000 486,494 49,070 535,564 30 Factory overhead 67,759 ? 603,323 ? 30 Goods finished, 2 units 30 Bal., 3,800 units, 70% completed 2 a. Determine the number of units transferred to the next department. units b. Determine the costs per equivalent unit of direct materials and conversion. If required, round your answer to two decimal places. Cost per equivalent unit of direct materials $ Cost per equivalent unit of conversion c. Determine the cost of units started and completed in November