Lester Manufacturing Company has the following information available for its process-costing system for the month of May in the finishing department. The finishing department is the second of a multiple-department manufacturing plant. Assume materials are added at the end of the manufacturing process. The company uses the weighted-average method of product costing.

Beginning inventory is 30% complete as to conversion costs; ending inventory is 80% complete as to conversion costs.

The answers are as provided but i would like an explanation/calculation

The cost per equivalent unit for materials is:

The value assigned to the materials portion of ending inventory is:

The cost per equivalent unit for transferred-in is:

The total cost of the units transferred out is:

Use the following to answer questions 11 - 14: Lester Manufacturing Company has the following information available for its process-costing system for the month of May in the finishing department. The finishing department is the second of a multiple-department manufacturing plant. Assume materials are added at the end of the manufacturing process. The company uses the weighted-average method of product costing. Beginning inventory is 30% complete as to conversion costs; ending inventory is 80% complete as to conversion costs. Beginning work in process: Materials Conversion Prior department SO $30,000 $50,000 Physical Units: Beginning inventory Ending inventory Transferred-in from prior department 100,000 50,000 200,000 Costs added this month: Materials Conversion Prior department $225,000 $510,000 $550,000 Answers provided may be rounded. 11. The cost per equivalent unit for materials is: A. $0.75. B. $2.00. C. $0.90. D. $0.94. 12. The value assigned to the materials portion of ending inventory is: A. $140,000. B. $100,000. C. $45,000. D. $0. 13. The cost per equivalent unit for transferred-in' is: A. $1.86. B. $2.00. C. $2.07. D. $2.40. 14. The total cost of the units transferred out is: A. $174,500. B. $225,000. C. $1,190,000. D. $1,365,000