Hi-Test companys production process for September follows. Assume that all materials are added at the beginning of this production process, and that conversion costs are added uniformly throughout the process.

1. The number of equivalent units for materials for the month.

2. The number of equivalent units for conversion for the month.

3. The variable cost per equivalent unit of materials for the month.

4. The variable cost per equivalent unit for conversion for the month.

5. The total variable cost of goods transferred out.

PLEASE EXPLAIN YOUR WORK

6. The total variable cost of ending work in process inventory.

$101,320 Work in process inventory, September 1 (2,000 units, 100% complete with respect to direct materials, 80% complete with respect to direct labor and overhead; consists of $45,000 of direct materials cost and $56,320 conversion cost).. Costs incurred in September Direct materials Conversion Work in process inventory, September 30 (7,000 units, 100% complete with respect to direct materials, 40% complete with respect to conversion) Units started in September Units completed and transferred to finished goods inventory. $375,000 $341,000 $ ? 28,000 23,000