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The Smith Company manufactures a product that goes through two departments prior to completion. ...

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Accounting

The Smith Company manufactures a product that goes through two departments prior to completion.
The following information is available on work in the Forming Department in the month of March:
Percent Completed
Number of Units Materials Conversion
Work in process, March 1 65,000 5/9 4/9
Started into production 535,000
Completed and transferred out ?????
Work in process, March 31 78,000 5/8 7/8
Cost in the beginning work-in-process inventory and cost added during the month were as follows:
Costs Materials Conversion
Work in process, March 1 $92,500 $83,000
Cost added during March $945,500 $831,250
The Forming Department is the first department in the production process.
After forming has been completed, the units are transferred to the Finishing Department.
The company uses the weighted-average method.
Required:
Calculate the equivalent units and unit cost for materials and conversion costs
Rounded the final answers to 3 decimal points.

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