"I think we goofed when we hired that new assistant controller, sald 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." $8.208 6,210 Finishing Department contes Work in process inventory, April 1, 450 units: materials 2009 complete conversion 608 complete Costs transferred in during the month from the preceding department, 1,950 units 17,940 Materials cost added during the month Conversion coats incurred during the month 13,920 Total departmental costo 46,278 Pininhing Department conte assigned to Units completed and transferred to finished goods, 1,800 units at $25.71 per unit $ 46,278 Hork in process inventory, April 30, 600 units: materials of complete conversion 35t complete Total departnental costs assigned $ 46,270 *Consists of cost transferred in, $4,068, materials cost, $1,980, and conversion cost $2,160. "He's struggling to learn our system," repled 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 $25.71 unit cost that he's come up with for April. Doesn't that seem high to you" said Ms. Scarplno. "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. Til 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 2 1. Equivalent units of production 1-5. Cost per equivalent unit te. Cost of ending work in process inventory 10. Cost of units completed and transferred out