Work in Process Inventory, August 1: 20,000 units Direct materials: 100% complete Conversion: 20% complete Balance in work in process, August 1 Units started during August Units completed and transferred in August Work in process (70% complete), August 31 Costs charged to Work in Process in August Direct materials Conversion costs: Direct labor Overhead applied Total conversion $ 80,000 24,000 $ 104,000 50,000 57,000 ? $ 171,000 $ 113,000 136,000 $ 249,000 Assume materials are added at the start of processing. Required: a. Calculate the equivalent units for the Forming Department for the month of August. b. Find the cost per equivalent unit of direct materials and conversion associated with the units transferred during the month. (Round your answers to 2 decimal places.) Answer is not complete. Direct Materials Conversion a. Equivalent units 50,000 64,200 b. Cost per equivalent unit $ 3.42