Pale Blue Eyes, Inc., manufactures contact lenses, and accounts for production using a FIFO process costing system. The main material involved is glass, and the production process is mainly done in the grinding process center, hence all materials are added at the beginning of the production process and one work in process center is used, Grinding. Selected data regarding the grinding department during the month of September are as follows:

Production data:

Total % complete as to DM CC

Units in process, September 1^st, 12,000 100 65

Units started into production 24,500

Units in process September 30^th, 11,500 100 25

Cost data:

DM Cost Conv. Cost

Work in process, September 1^st $ 26,500. $ 57,200.

Added during September 55,615. 147,752.

Compute the number of units transferred out of the grinding department, the equivalent units of production for September for both DM and CC, the cost per equivalent unit for both DM and CC, and the total unit product cost. What is the cost of goods transferred out, and ending inventory? Show appropriate calculations to justify your response.