Talbot Company produces its product using a single production process. For the month of October, the company determined its "cost per equivalent unit" to be as follows: 1. Determine the total cost that should be assigned to the following: a. Units completed and transferred out b. Units in ending work in process inventory What was the total costs accounted for? What was Talbot's average cost of making one unit of its product? (Click the icon to view the costs per equivalent unit.) 2. During the month, Talbot completed and transferred out 410,000 units to finished goods inventory. At month-end, 80,000 partially complete units remained in ending work in process inventory. These partially completed units were equal to 68,000 equivalent units of direct materials and 46,000 equivalent units of conversion costs. 3. Talbot Company Month Ended October 31 Assigning Costs Data Table Direct Conversion Direct Materials Conversion Costs Materials Costs Total Cost per equivalent unit$ 3.80 2.75 a. Completed and transferred out: Equivalent units completed and transferred out Print Done Multiplied by: Cost per equivalent unit Costs assigned to units completed and transferred out Enter any number in the edit fields and then click Check Answer Clear All Check