Costs per Equivalent Unit The following information is available for Drake Manufacturing for the month of October: Costs Department A Work in Process - Beginning Costs added during month Unit Information Beginning Inventory Started during the month Work in Process Ending 2 complete ending work in process Required: a. Calculate equivalent units for Materials, Labor and Overhead for the b. Calculate the cost per equivalent unit for materials, labor, overhead, and total c. Calculate the value for each component of ending work in process and the cost of units completed/transferred for the month d. Prepare the journal entry to record the transfer of the amount completed and transferred from Dept. A to Dept. B Costs Units Completed and transferred Work in Process Total Equivalent Units Materials Labor Conversion Costs Overhead $ 52,000 $ 229,000 $ 337,384 $ 192,400 $ 416,000 $ 473,616 Conversion Costs Materials Labor Overhead 24,000 24,000 24,000 80,000 80,000 80,000 36,000 36,000 36,000 100% 50% 50% Conversion Costs Materials Labor Overhead Total Conversion Costs Materials Labor Overhead - Materials Labor Overhead Total Cost per Equivalent Unit Materials Labor Conversion Costs Overhead Completed and transferred Work in Process Journal Entry Debit Credit