The Smith Company manufactures a product that goes through two departments prior to completion. The following information is available on work in the Forming Department in the month of March: Percent Completed Number of Units Materials Conversion Work in process, March 1 80,000 3/7 6/7

Started into production 385,000

Completed and transferred out 400,000

Work in process, March 31 65,000 4/7 5/7

Cost in the beginning work-in-process inventory and cost added during the month were as follows: Costs Materials Conversion Work in process, March 1 $56,275 $43,620 Cost added during March $328,450 $295,175 The Forming Department is the first department in the production process. After forming has been completed, the units are transferred to the Finishing Department. The company uses the weighted-average method. Required: Calculate the equivalent units and unit cost for materials and conversion costs