Question: Hello, could you please help to solve this whole problem with steps? Thank you very much! 3 he following information concerns production in the Forging

Hello, could you please help to solve this whole problem with steps?

Thank you very much!

Hello, could you please help to solve this whole problem with steps?

3 he following information concerns production in the Forging Department for November. All direct materials are placed into the process at the beginning of production, ':nd conversion costs are incurred evenly throughout the process. The beginning inventory consists of $50,310 of direct materials. ACCOUNT Work in ProcessForging Department ACCOUNT NO. 1 Balance Date Item Debit Credit ' Debit Credit Nov. 1 Bal., 3,900 units, 40% completed 55,770 30 Direct materials, 35,000 units 441,000 496,770 30 Direct labor 54,580 551,350 30 Factory overhead 75,380 ? 626,730 30 Goods nished, 3 units ? 30 Ba|., 3,100 units, 60% completed ? ': . Determine the number of units transferred to the next department. units . Determine the costs per equivalent unit of direct materials and conversion. If required, round your answer to two decimal places. Cost per equivalent unit of direct materials Cost per equivalent unit of conversion $:] c. Determine the cost of units started and completed in November. C

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