"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 make heads or tails out of it." $8,760* Finishing Department costs: Work in process inventory, April 1, 400 units; materials 100% complete conversion 60% complete Costs transferred in during the month from the preceding department, 2,000 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, 1,800 units at $22.90 per unit Work in process inventory, April 30, 600 units, materials 0% complete, conversion 25% complete Total departmental costs assigned 19,160 3,760 9.540 $41,220 $41,220 $41,220 "Consists of cost transferred in, $4,600; materials cost, $2,000, and 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." "It's not just the format of his report that I'm concemned about. Look at that $22.90 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. "I'll get someone else to redo this report and then we may be able to 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 *Consists of cost transferred in, $4,600; materials cost, $2,000, and conversion cost, 32, 100. "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 $22.90 unit cost that he's come up with for April. Doesn't that seem high to you?" said Ms. Scarpino. "Yes, it does seem high, but on the other hand, I know we had an increase in materials prices during April, and that may be the explanation," replied Mr. Harrop. "I'll get someone else to redo this report and then we may be able to see what's going on.' Provost Industries manufactures a ceramic product that goes through two processing departments Molding and Finishing. The company uses the weighted average method in its process costing. Required: (a) Calculate the cost per equivalent unit. (Round your answer to 2 decimal places. Omit the "$" sign in your response.) Transferred in costs Materials Conversion Cost per equivalent unit (b) How much cost should have been assigned to the units completed and transferred to finished goods? (Omit the "S" sign in your response.) Transferred in costs Materials Conversion Total Cost of units completed and transferred out (c) How much cost should have been assigned to the ending work in process inventory? (Leave no cells blank - be certain to enter "0" wherever required. Omit the "S" sign in your response.) Transferred in costs Materials Conversion Total Cost of ending work in process inventory