Weighted Average Method, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process Holmes Products, Inc., produces plastic cases used for video cameras. The product passes through three departments. For April, the following equivalent units schedule was prepared for the first department) Direct Materials Conversion Costs Units completed Units, ending work in process x Percentage complete 7,000 - 100% 7,000 50% 25,000 25,000 7,000 3,500 32,000 28,500 Equivalent units of output Casts assigned to beginning work in process: direct materials, $80,000; conversion costs, $25,125. Manufacturing costs incurred during Aprili direct materials, $80,000; conversion costs, $210,000. Holmes uses the weighted average method Required: 1. Compute the unit cost for April. If required, round your answer to the nearest cent. 14.62 X per equivalent unit 2. Determine the cost of ending work in process and the cost of goods transferred out. Cast of ending work in process Cast of goods transferred out 73,465 X 365,500