China Pacific Company manufactures a variety of natural fabrics for the clothing industry in a suburb of Shanghai. The following data in Chinese currency called yuan pertain to the month of October.
Work-in-process inventory, October 1 .......25,000 units
Direct materials: 60 percent complete ........57,000 yuan
Conversion: 30 percent complete .........45,000 yuan
Cost incurred during October
Direct materials ................736,000 yuan
Conversion ..................1,094,950 yuan
During October, 175,000 units were completed and transferred out. At the end of the month, 30,000 units (direct materials 80 percent and conversion 40 percent complete) remain in work-inprocess inventory.

Required
Calculate each of the following amounts using weighted-average process costing.
1. Equivalent units of direct materials and conversion.
2. Unit costs of direct materials and conversion.
3. Cost of goods completed and transferred out during October.
4. Cost of the work-in-process inventory at October 31.
5. Check the most recent issue of The Wall Street Journal or go to www.federalreserve.gov/releases/H10/hist/ to learn the exchange rate between the U.S. dollar and the Chinese yuan.