O'Leary Company manufactures Product Z in a two-stage production cycle in Departments A and B. Materials...

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O'Leary Company manufactures Product Z in a two-stage production cycle in Departments A and B. Materials are added at the beginning of the process in Department B. O'Leary uses the weighted-average method. Conversion costs for Department B were 40% complete as to the 27,500 units in the beginning work-in-process (WIP) inventory and 50% complete as to the 38,500 units in the ending work-in-process inventory. 55,000 units were completed and transferred out of Department B during October. An analysis of the costs relating to work-in-process inventories and production activity in Department B for October follows: WIP, October 1: Costs added in October Transferred- in Costs $ 55,000 132,000 Materials Costs $16,500 30,250 Conversion Costs $ 5,500 24,200 The total cost per equivalent unit transferred-out for October of Product Z, rounded to the nearest penny, was: O'Leary Company manufactures Product Z in a two-stage production cycle in Departments A and B. Materials are added at the beginning of the process in Department B. O'Leary uses the weighted-average method. Conversion costs for Department B were 40% complete as to the 27,500 units in the beginning work-in-process (WIP) inventory and 50% complete as to the 38,500 units in the ending work-in-process inventory. 55,000 units were completed and transferred out of Department B during October. An analysis of the costs relating to work-in-process inventories and production activity in Department B for October follows: WIP, October 1: Costs added in October Transferred- in Costs $ 55,000 132,000 Materials Costs $16,500 30,250 Conversion Costs $ 5,500 24,200 The total cost per equivalent unit transferred-out for October of Product Z, rounded to the nearest penny, was: