"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." $ 8.612 (8 03:3231 Finishing Department costs Work in pro inventory. April 1.050 units materials 1001 complete conversion 601 complete Cost transferred in during the month from the preceding department, 2.550 unita Materials cost added during the month Conversion costs incurred during the month Total departmental costs 27,856 11,250 23,640 $ 71,358 $71,358 Finishing Department costs assigned to Units completed and transferred to finished goods, 3.000 units at $23.790 per unit Work in proces inventory, April 30, 600 units materiale 08 complete; conversion 400 complete Total departmental costs assigned $ 71,358 *Consists of cost transferred in. $4.292; materials cost, $2,040; and conversion cost, $2,280 "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 $23.790 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 Mc Harrop. 'T'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 in its process costing Required: 1-. Calculate the equivalent units of production Required: 1-a. Calculate the equivalent units of production. 1-b. 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 intermed decimal places.) 1-d. How much cost should have been assigned to the units completed and transferred to finished goods? (Roum calculations to 2 decimal places.) 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 1-d. Cost of units completed and transferred out