"I think we goofed when we hired that new assistant controller," said Ruth Scarpino, president of Provost Industries. "Just look at this report that he prepared for last month for the Finishing Department I can't understand it." Finishing Department costs: Work in process inventory, April 1,250 units: materials 100% complete; conversion 60% complete Costs transferred in during the month from the 8, 680* preceding department, 2,750 units Materials cost added during the nonth Conversion costs incurred during the month Total departnental costs 31,100 12,866 26, 800 79, 446 8 Finishing Department costs assigned to: Units completed and transferred to finished goods, 3, 400 units at $23.370 per unit 79,446 Work in process inventory, April 30, 600 units: materials 0 complete ; conversion 40% complete Total departaental costs assigned 79,446 Consists of cost transferred in, $4,300; materials cost, $2,060; and conversion cost, $2,320. He's struggling to learn our system," replied Frank Harrop, the operations manager. "The problem is that he's been away from process costing for a long time, and it's coming back slowly. It's not just the format of his report that I'm concerned about. Look at that $23.370 unit cost that he's come up with for April. Doesn't that seem high to you?" said Ms. Scarpino. "Yes, it does seem high; but on the other hand, I know we had an increase in materials prices during April, and that may be the company uses the weighted-average method in its process costing. Required 1-a. Calculate the equivalent units of production. 1-b. Calculate the cost per equivalent unit. (Round your answers to 2 decimal places.) 1-c. How much cost should have been assigned to the ending work in process inventory? (Round your intermediate calculations to 2 decimal places 1-d. How much cost should have been assigned to the units completed and transferred to finished goods? (Round your intermediate calculations to 2 decimal places.) Materials Conversion Total In 1-a. Equivalent units of production 1-b. Cost per equivalent unit 1-C Cost of ending work in process inventory 1-d. Cost of units completed and transferred out