Weighted Average Method, Equivalent Units, Unit Cost, Multiple Departments Fordman Company has a product that passes through two processes: Grinding and Polishing. During December, the Grinding Department transferred 20,000 units to the Polishing Department. The cost of the units transferred into the second department was $40,000. Direct materials are added uniformly in the second process. Units are measured the same way in both departments. The second department (Polishing) had the following physical flow schedule for December: Units to account for: Units, beginning work in process 4,000 (40% complete) Units started Total units to account for ? Units accounted for: Units, ending work in process 8,000 (50% complete) Units completed ? Units accounted for ? Costs in beginning work in process for the Polishing Department were direct materials, $5,000; conversion costs, $7,000; and transferred in, $8,000. Costs added during the month: direct materials, $32,000; conversion costs, $47,000; and transferred in, $40,000. Required: 1. Assuming the use of the weighted average method, prepare a schedule of equivalent units. Enter percentages as whole numbers. Fordman Company Schedule of Equivalent Units For the month of December Direct Materials Conversion Costs Transferred In Ending WIP: % X % 2. Compute the unit cost for the month. If required, round your answer to the nearest cent. per equivalent unit