"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 can't understand it." Tinishing Department costs: Work in process inventory, April 1, 450 units materials 100% complete conversiones complete Costs transferred in during the month from the preceding department, 1,95 units Materials cost added during the month Conversion costs incurred during the month Total departmental costs $3,200 17.940 6,210 13,520 46.278 Etnisbing Department costs assigned to Units comleted and transferred to finished goods 1.500 units at 525.71 per unit Work in procese Inventory Apell 30, 600 units materials o complete conversion complete Total departmental costs signed 54627 "Consists of cost transferred in $4.068; materials cost $1.980and conversion cost $2.160. "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 "He's not just the format of his report that I'm concerned about. Look at that $2571 unit cost that has come up with for All Goat seem high to you said Ms Scamping "Yes it does seem high bution the other hand I know we can increase als ces during And that may be 1 "Yes, it does seem high; but on the other hand, I know we had an increase in materiais prices during April and that may be the explanation replied Mr. Harrop "I 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 in its process costing Required: 1-a. Calculate the equivalent units of production 1-5. Calculate the cost per equivalent unit. (Round your answers to 2 decimal places.) 1-c. How much cost should have been assigned to the ending work in process inventory (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? (Round your intermediate calculations to 2 decimal places.) Transferred In Costs Materials Conversion Total tra Equivalent units of production 1- Cost per equivalent unit 1.c Cost of ending work in process inventory 10. Cost of units.completed and transferred out