Cost per Equivalent Unit The following information concerns production in the Forging Department for November. All direct materials are placed into the process at the beginning of production and conversion costs are incurred evenly throughout the process. The beginning inventory consists of $50,000 of direct materials ACCOUNT Work in Process Forging Department ACCOUNT NO Balance Date Item Debit Credit Debit Credit Nov. 1 Bol, 5,000 units 70% completed 57,700 30 Direct material, 46,000 units 450,000 508,500 30 Direct labor 44,340 552 840 30 Factory overhead 61,2,30 614,070 30 Goods transferred, 2 units 30 Bal.. 4,000 units, 60% 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 Determine the cost of its started and completed in November