Equivalent Units of Production Wheatmore Company manufactures cold cereal products, such as Frosted Flakes. Assume that the inventory in process on March 1 for the Packing Department induded 870 pounds of cereal in the packing machine hopper, (enough for 580 24-0z. boxes) and 580 empty 24-0z. boxes held in the package carousel of the packing machine During March, 48,140 boxes of 24-oz. cereal were packaged. Conversion costs are incurred when a box is filled with cereal. On Harch 31, the packing machine hopper held 1,140 pounds of cereal and the package carousel held 760 empty 24-oz. (1%-b.) boxes. Assume that once a box is filled with cereal, it is immediately transferred to the finished goods warehouse Determine the equivalent units of production for cereal, boxes, and conversion costs for March, An equivalent unit is defined as "pounds" for cereal and "24-oz. boxes for boxes and conversion costs. If an amount is zero, enter in "o Wheatmore Company Equivalent Units of Production for Cereal, Boxes, and Conversion Cost For March Cereal Boxes Cin pounds) (in boxes) Conversion Cost (in boxes) Inventory in process, March 1 s80 Started and completed in March1 Transferred to fnished goods in March Imventory in process, March 31 Total Cost per Equivalent Unit 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 $56,250 of direct materials ACCOUNT Work in Process-Forging Department ACCOUNT N0. Balance Date Item Debit Credit Debit Credit Nov. 1 Bal, 4,500 units, 60 % completed 65,970 30 Direct materials, 41,000 units 504,300 570,270 30 Direct labor 65,950 636,220 30 Factory overhead 91,078 727,298 30 Goods finished, 2 units 30 Bal, 3,600 units, 90 % completed a. Determine the number of units transferred to the next department.I 289,575 X units b. Detokmine the costs per equivalent unit of direct materials and conversion. If required, round your answer to two decimal places Cost per equivalent unit of direct materials 2.75 X Cost per equivalent unit of conversion c. Determine the cost of units started and completed in November