"I think we goofed by hiring the new assistant controller," said Ruth Scarpino, president of Provost Industries. "Just look at this report he prepared for last month for the Finishing Department. I can't understand it$."$

Finishing Department costs:

Work in process inventory, April $1,1,350$ units; materials

$100\%$ complete; conversion $88\%$ complete

Costs transferred in during the month from the preceding

department, $2,850$ units

Materials cost added during the month

Conversion costs incurred during the month

Total departmental costs

Finishing Department costs assigned to:

Units completed and transferred to finished goods, $3,600$

units at $$23\mathrm{.}45$ per unit

Work in process inventory, April $30,600$ units; materials

$0\%$ complete; conversion $60\%$ complete

Total departmental costs assigned

$$8,714**$

$32,704$

$13,662$

$29,340$ $$84,420$

$$84,420$

$$84,420$

$[0],[$$$84,420]$

$*$Consists of cost transferred in$,$ $$4,304$; materials cost, $$2,070$; and conversion cost, $$2,340.$

"He's struggling to learn our system," replied Frank Harrop, the operations manager. "The problem is he's been away from process costing for a long time, and it's coming back slowly."

"It's not just the format of his report I$\text{'}$m concerned' about. Look at that $$23\mathrm{.}450$ unit cost he's come up with for April. Doesn't that seem high to you?" said Ms$.$ Scarpino.

"Yes, it does seem high; but on the other hand, I know we had an increase in materials prices during April, and that may be the explanation," replied Mr$.$ Harrop. $"$l$\text{'}$ll g$$t someone else to redo this report and then we can see what's going on$."$

Provost Industries manufactures a ceramic product that goes through two processing departments$-$Molding and Finishing. The company uses the weighted$-$average method of process costing.

Required:

$1-$a$.$ Calculate the equivalent units of production.

$1-$b$.$ Calculate the cost per equivalent unit.

Note: Round your answers to $2$ decimal places.

costing for a long time, and it's coming back slowly."

"It's not just the format of his report I$\text{'}$m concerned about. Look at that $$23\mathrm{.}450$ unit cost he's come up with for April. Doesn't that seem high to you?" said Ms$.$ Scarpino.

"Yes, it does seem high; but on the other hand, I know we had an increase in materials prices during April, and that may be the explanation," replied Mr$.$ Harrop. "I'll get someone else to redo this report and then we can see what's going on$."$

Provost Industries manufactures a ceramic product that goes through two processing departments$-$Molding and Finishing. The company uses the weighted$-$average method of process costing.

Required:

$1-$a$.$ Calculate the equivalent units of production.

$1-$b$.$ Calculate the cost per equivalent unit.

Note: Round your answers to $2$ decimal places.

$1-$c$.$ How much cost should have been assigned to the ending work in process inventory?

Note: Round your intermediate calculations to $2$ decimal places.

$1-$d$.$ How much cost should have been assigned to the units completed and transferred to finished goods?

Note: Round your intermediate calculations to $2$ decimal places.

$\backslash$table$[[,\backslash$table$[[$Transferred$],[$In Costs$]],$Materials,Conversion,Total$],[1-$a$.$ Equivalent units of production,,,,$],[1-$b$.$ Cost per equivalent unit,,,,$],[1-$c$.$ Cost of ending work in process inventory,,,,$