E4.25 (LO 3, 4) Toronto Manufacturing Ltd. has the following cost and production data for the month of November. Determine equivalent units, unit costs, and assignment of costs. 18,000 units Beginning WIP Started in production 100,000 Ending WIP Completed production 94,000 24,000 The ending inventory was 40% complete for conversion costs. Materials are added at the beginning of the process. Costs pertaining to the month of November are as follows: Beginning inventory costs are: Materials $ 65,000 Direct labour 20,000 Factory overhead 15,000 Costs incurred during November include: Materials $550,000 Direct labour 195,000 Factory overhead 380,000 Instructions a. Calculate the equivalent units of production for materials and for conversion costs. b. Determine the unit costs of production. c. Show the assignment of costs to units transferred out and in process.