Refer to the data given in Case 5.44. Complete the same requirements, assuming that Home and Garden Products Ltd uses weighted average process costing. In calculating unit costs, round your answer to four decimal places.

The work in process inventory in the Saturating Department is estimated to be 50 per cent competed both at the beginning and end November. Costs of production for November are as follows:

Required:
1. In order to provide cost data on the manufacture of leather belts in the Elizabeth Plant to the top management of Leather Products Ltd, calculate the following amounts for the month of October:
(a) Equivalent units for material and conversion.
(b) Cost per equivalent unit for material and conversion.
(c) Assignment of production costs to the 31 October work in process inventory and to goods transferred out.
(d) Weighted average unit cost of the leather belts completed and transferred to finished good.
2. Comment on the cost per belt of $11.50 which the company has used for planning and control.

30 November Quantity (kg) 1 November Quantity (kg) Cost Grading Department Saturating Department $17 600* 2 000 1 600 Materials used Conversion Grading Department Saturating Department $265 680 $86 400 85 920