strategic accounting

13. (8 points) O'Toole Company manufactures Tool T in a two-stage production cycle, Departments A and B. Information pertaining to Department B is as follows: Transferred In Material Conversion Department B: Units Costs Costs Costs Beginning Work-in-Process (WIP) 5,000 $12,000 $ 4,000 $ 7,750 Started During the Current Period 180,000 $358,000 $ 162,500 $ 246,350 Ending Work in Process (WIP) 7,000 Direct materials are added at the beginning of the process in Department B. The beginning WIP was 40% complete as to conversion, while the ending WIP was 50% completed for conversion purposes. O'Toole uses the Weighted Average method of process costing. a. For Department B, calculate the cost per equivalent unit for each cost category; Transferred In, Materials, Conversion