The following data pertain to the Canandaigua Carpet Company for January Work in process, January 1 (in units) 25,000 Units started during January 80,000 Total units to account for Units completed and transferred out during January 20,000 Work in process, January 31 (in units) Total equivalent units: direct material 80,000 Total equivalent units: conversion Work in process, January 1: direct material 232,000 Work in process, January 1: conversion Costs incurred during January direct material Costs incurred during January: conversion 820,000 Work in process, January 1: total cost 342,600 1,220,000 Total Costs incurred during January 1,562,600 Total costs to account for Cost per equivalent unit: direct material 7.90 Cost per equivalent unit: conversion Total cost per equivalent unit 22.00 Cost of goods completed and transferred out during January Cost remaining in ending work-in-process inventory: direct material Cost remaining in ending work-in-process inventory: conversion 84,600 Total cost of January 31 work in process 242,600 Additional Information: a. Direct material is added at the beginning of the production process, and conversion activity occurs uniformly throughout the process. b. The company uses weighted-average process costing c. The January 1 work in process was 25 percent complete as to conversion. d. The January 31 work in process was 30 percent complete as to conversion