Required information

$[$The following information applies to the questions displayed below.$]$

The T$.$ L$.$ Lin Company manufactures a variety of natural fabrics for the clothing industry in a suburb of Shanghai. The

following data in Chinese currency called yuan $($CNY$)$ pertain to the month of October.

Work$-$in$-$Process Inventory, October $1$

Direct materials: $50\%$ complete

Conversion: $25\%$ complete

Costs incurred during October

Direct materials

Conversion

$40,000$ units

$55,430$ yuan

$66,855$ yuan

$796,290$ yuan

$1,165,845$ yuan

During October, $200,000$ units were completed and transferred out. At the end of the month, $20,000$ units $($direct

materials $70\%$ and conversion $50\%$ complete$)$ remain in Work$-$in$-$Process Inventory.

Required:

Calculate each of the following amounts using weighted$-$average process costing.

Equivalent units of direct materials and conversion.

Costs per equivalent unit for direct materials and conversion.

Cost of goods completed and transferred out during October.

Cost of the Work$-$in$-$Process Inventory at October $31.$

$($Round "WTAVG Cost per EU$"$ answers to $2$ decimal places.$)$