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 $44,540 of direct materials. ACCOUNT Work in Process-Forging Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Nov. 1 Bal., 3,400 units, 30% completed 30 Direct materials, 31,000 units 30 Direct labor 30 Factory overheacd 30 Goods finished, 2 units 30 Bal., 2,700 units, 70% completed 47,294 447,194 485,494 538,390 399,900 38,300 52,896 ? Cost per equivalent units of $12.90 for Direct Materials and $2.80 for Conversion Costs. Based on the above data, determie 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