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Grand River Company produces a high quality insulation material that passes through two production processes. Data for November for the first process follow Work in

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Grand River Company produces a high quality insulation material that passes through two production processes. Data for November for the first process follow Work in process inventois, November Work in process inventory, November 30 Materials cost in work in process inventory, November 50.000 60.000 Completne with Respect to Materials Completion with Respect to Convenios 50% 25% 455 20% $ 76,600 Conversion cost in work in process inventory. November 1 Units started to production Units transferred to the next process Materials cost added during November Conversion cost added during November $ 34,900 300.000 320,000 $410.000 $234.500 Required 1. Assume that the company uses the weighted average method of accounting for units and costs. Determine the equivalent units for November for the first process 2. Compute the costs per equivalent unit for November for the first process 3. Determine the total cost of ending work in process inventory and the total cost of units transferred to the next process in November

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