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 Materials cost added during November Conversion cost added during November Units 88,000 Completion with Respect to Materials Completion with Respect to Conversion 50% 25% 82,000 45% 20% $ 69,520 $ 45,760 440,000 446,000 $505,131 $333,408 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. Materials Conversion Equivalent units of production 2. Compute the costs per equivalent unit for November for the first process. (Round your answers to 2 decimal places.) Cost per equivalent unit Materials Conversion 3. Determine the total cost of ending work in process inventory and the total cost of units transferred to the next process in November. (Round intermediate calculations to 2 decimal places.) Cost of ending work in process inventory Cost of units completed and transferred out Materials Conversion Total