"I think we goofed when we hired that new assistant controller," said Ruth Scarpino, president of Provost Industries. "Just look at this report that he prepared for last month for the Finishing Department. I cant understand it."

Finishing Department costs:
Work in process inventory, April 1, 15,000 units: materials 100% complete; conversion 60% complete	$	24,610	*
Costs transferred in during the month from the preceding department, 145,000 units		238,940
Materials cost added during the month		78,950
Conversion costs incurred during the month		251,500
Total departmental costs	$	594,000
Finishing Department costs assigned to:
Units completed and transferred to finished goods, 150,000 units at $3.960 per unit	$	594,000
Work in process inventory, April 30, 10,000 units; materials 0% complete; conversion 50% complete		0
Total departmental costs assigned	$	594,000

*Consists of cost transferred in, $9,060; materials cost, $3,550; and conversion costs, $12,000.

"He's struggling to learn our system," replied Frank Harrop, the operations manager. "The problem is that 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 that I'm concerned about. Look at that $3.960 unit cost that 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. "Ill get someone else to redo this report and then we may be able to see whats going on."

Provost Industries manufactures a ceramic product that goes through two processing departmentsMolding and Finishing. The company uses the weighted-average method in its process costing.

Required:
1-a.	Calculate the cost per equivalent unit. (Round your answers to 2 decimal places.)

1-b.	How much cost should have been assigned to the ending work in process inventory? (Round your intermediate calculations to 2 decimal places.)

1-c.	How much cost should have been assigned to the units completed and transferred to finished goods? (Round your intermediate calculations to 2 decimal places.)