S5-8 Compute the cost per equivalent unit (Learning Objective 3)

Ricoh provided the following data concerning March’s activity in the Fixing Department:

Materials Conversion Equivalent units of production in ending work in process....... 2,600 1,200 Cost per equivalent unit........................................................... $23.50 $13.22 The company uses process costing; 1,500 units were completed and transferred to the next department during the month. Compute the cost of the units transferred to the next department and the cost of the ending work in process inventory.