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 $113,880 of direct materials. ACCOUNT NO. ACCOUNT Work in Process-Forging Department Balance Date Item Debit Credit Debit Credit 119,808 Nov. 1,022,400 1,142,208 1 Bal., 7,800 units, 40% completed 30 Direct materials, 71,000 units 30 Direct labor 30 Factory overhead 30 Goods finished, 2 units 30 Bal., 6,200 units, 90% completed 63,050 87,070 1,205,258 1,292,328 7 Cost per equivalent units of $14.40 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 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