McCallum Tool Company has two departments, assembly and finishing. The assembly department takes purchased parts and assembles the final product. The finishing department performs testing, adds other materials, and packages the product. Direct materials are added at the end of the process in the finishing department. The following summarizes the finishing department's operations for the month of July. Number of Units Completed during July Work-in-process, July 1, 50% complete for conversion costs Transferred in during July Work-in-process, July 31, 50% complete for conversion costs 4,000 27,000 26,000 5,000 Costs Work-in-process, July 1 (transferred-in costs, $60,000; conversion costs, $31,275) Transferred in from assembly department during July $91,275 118,250 97,500 Conversion added during July 75,600 382,625 Direct materials added during July Total to account for Required: Calculate each of the following amounts for the finishing department using the weighted-average process costing method, and then prepare the requested journal entries. 1. Equivalent units of transferred-in, direct materials, and conversion. 2. Cost per equivalent unit for transferred-in costs, direct materials, and conversion. 3. Cost of goods completed and transferred out during July. 4. Cost of Work-in-process inventory at July 31.