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 inventory, November 1 Work in process inventory, November 30 Materials cost in work in process inventory, November 1 Conversion cost in work in process inventory, November 1 Units started into production Units transferred to the next process X Materials cost added during November Conversion cost added during November Equivalent units of production 3 -- 4 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. 4 % R Materials Conversion 2. Compute the costs per equivalent unit for November for the first process. (Round your answers to 2 decimal places.) 5 T Q Search G 6 7 & Y 7 Prev * N 8 Units 92,000 80,000 1 of 5 M 135 Completion with Respect to Materials (0) 50% 45% $ 69,920 $ 55,200 522,500 534,500 $591,860 $440,250 F10 Next > O FIT Completion with Respect to Conversion 25% 20% alt P ? prt sc pause

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