Costs per Equivalent Unit and Production Costs 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 $44,180 of direct materials ACCOUNT Work in Process-Forging Department ACCOUNT NO. Balance Debit Credit Date Item Debit Credit Nov. 1 Bal., 4,700 units, 80% completed 30 Direct materials, 43,000 units 30 Direct labor 30 Factory overhead 30 Goods finished, 2 units 30 Bal., 3,800 units, 80% completed 51,324 446,924 483,194 533,284 395,600 36,270 50,090 Cost per equivalent units of $9.20 for Direct Materials and $2.00 for Conversion Costs. Based on the above data, determine each of the following amounts. If required, round your interim caiculations to two decimal places. Round final answers (a-c) to the nearest dollar. a. Cost of beginning work in process inventory completed in November. b. Cost of units transferred to the next department during November PreviousNext