"I think we goofed when we hired that new assistant controller,"said Ruth Scarpino, president of Provost Industries. "Just look atthis report that he prepared for last month for the FinishingDepartment. I can’t understand it."

Finishing Department costs:
Work in process inventory, April 1,650 units; materials 100%complete; conversion 60% complete	$	8,816	*
Costs transferred in during the month from the preceding department, 3,150 units		37,396
Materials cost added during the month		16,002
Conversion costs incurred during the month		33,120
Total departmental costs	$	95,334
Finishing Department costs assigned to:
Units completed and transferred to finished goods, 4,200 units at $22.700 per unit	$	95,334
Work in process inventory, April 30, 600 units; materials 0% complete; conversion 40% complete		0
Total departmental costs assigned	$	95,334

*Consists of cost transferred in, $4,316; materials cost,$2,100; and conversion cost, $2,400.

"He's struggling to learn our system," replied Frank Harrop, theoperations manager. "The problem is that he's been away fromprocess costing for a long time, and it's coming back slowly."

"It's not just the format of his report that I'm concernedabout. Look at that $22.700 unit cost that he's come up with forApril. Doesn't that seem high to you?" said Ms. Scarpino.

"Yes, it does seem high; but on the other hand, I know we had anincrease in materials prices during April, and that may be theexplanation," replied Mr. Harrop. "I’ll get someone else to redothis report and then we can see what’s going on."

Provost Industries manufactures a ceramic product that goesthrough two processing departments—Molding and Finishing. Thecompany uses the weighted-average method in its processcosting.

Required:

1-a. Calculate the equivalent units of production.

1-b. Calculate the cost per equivalent unit. (Round youranswers to 2 decimal places.)

1-c. How much cost should have been assigned to the ending workin process inventory? (Round your intermediate calculationsto 2 decimal places.)

1-d. How much cost should have been assigned to the unitscompleted and transferred to finished goods? (Round yourintermediate calculations to 2 decimal places.)