Exercise E The following data relate to Work in Process-Department C, in which all materials are added at the start of processing: Work in process - Department C: Inventory, March 1: Materials cost (1,200 pounds; 100% complete) $7,020 Conversion cost (20% complete) 1,804 Costs incurred this period: Direct materials used (9,000 pounds) $36,330 Direct labor 10,880 Overhead 17.820 Inventory, March 31 Materials cost (1,800 pounds, 100% complete) Conversion cost (1,800 pounds, 80% complete) Pounds of product transferred out: 8,400 Using these data, compute: 1. The unit cost per equivalent unit for materials and conversion (use the average cost method). 2. The cost of the product transferred out