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 $17,400 of direct materials.

a. Cost of beginning work in process inventory completed in November.

b. Cost of units transferred to the next department during November.

c. Cost of ending work in process inventory on November 30.

d. Costs per equivalent unit of direct materials and conversion included in the November 1 beginning work in process. If required, round your answers to two decimal places.

- Direct materials cost per equivalent unit

- Conversion cost per equivalent unit

e. The November increase or decrease in costs per equivalent unit for direct materials and conversion from the previous month. If required, round your answers to two decimal places.

- Change in direct materials cost per equivalent unit Increase/Decreased? Amount?

- Change in conversion cost per equivalent unit Increase/Decreased? Amount?

ACCOUNT Work in Process-Forging Department ACCOUNT NO. Balance Date DebiCredit Debit Credit Item Nov. | 1 | Bal., 1,200 units, 60% completed 30 Direct materials, 8,300 units 30 Direct labor 0 Factory overhead 30 Goods transferred, 2 units 30 Bal., 900 units, 70% completed 124,500 18,950 20,196 20,856 145,356 164,306 184,502