Question: Balfanz Company has the following information for its Finishing Department

Balfanz Company has the following information for its Finishing Department for the month of September:
Work in Process Inventory, September 1: 50,000 units
Direct materials: 100% complete . . . . . . . . . . . . . . . . . . \$ 150,000
Conversion: 40% complete . . . . . . . . . . . . . . . . . . . . . . 120,000
Balance in work in process, September 1 . . . . . . . . .. \$ 270,000
Units started during September . . . . . . . . . . . . . . . . . . .. 300,000
Units completed and transferred in September . . . . . . . . . 280,000
Work in process (80% complete), September 30 . . . . . . ?
Costs charged to Work in Process in September
Direct materials . . . . . . . . . . . . . . . . . . . . . . . . ..... \$1,200,000
Conversion costs:
Direct labor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . \$1,000,000
Overhead applied . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . \$1,212,000
Total conversion . . . . . . . . . . . . . . . . . . . . . . . . . . ..... \$2,212,000

Instructions
a. Calculate the equivalent units for the Finishing Department for the month of September.
b. Find the cost per equivalent unit of the transferred units.

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