Question: need some help with this thanks! 1 I think we goofed when we hired that new assistant controller said Ruth Scarpino, president of Pravost industries

need some help with this thanks!
need some help with this thanks! 1 "I think we goofed when
we hired that new assistant controller said Ruth Scarpino, president of Pravost

1 "I think we goofed when we hired that new assistant controller said Ruth Scarpino, president of Pravost industries "Just look at this report that he prepared for last month for the Finishing Department I can't understand it 10 points HO Finishing Department costs Work in process inventory, April 1, 1,000 units; materials 2005 complete conversion 88% complete $ 6,595 Costs transferred in during the month from the preceding department, 2,500 units 27.03 Materials cost added during the month 10,141 Conversion costs incurred during the month 22,854 Total departmental costo 6,021 Finishing Department costs assigned to Units completed and transferred to finished goods, 2,100 units at $23.900 per unit $ 6,121 work in process inventory, April 30, 600 units, materials os completo conversion 4e complete Total departmental costs assigned $ 69,321 "Consists of cost transferred in $4.290; materials cost $2,035, and conversion cost $2.270 ferences "He's struggling to learn our system replied Frank Harrop the operation manager. The problem is that he's been away from process costing for a long time, and it's coming back slowly "It's not just the format of his report that I'm concerned about Look at that $23.900 unit cost that he's come up with for April Doesn't that seem high to you?" said Ms. Scarpino Check my work 1 hits "Yes, it does seem high, but on the other hand, I know we had an increase in materials prices during April, and that may be the explanation" replied Mr. Harrop. I'll get someone else to redo this report and then we can see what's going on." Provost Industries manufactures a ceramic product that goes through two processing departments --Molding and Finishing. The company uses the weighted-average method in its process costing Required: 1. Calculate the equivalent units of production 1-6. Calculate the cost per equivalent unit. (Round your answers to 2 decimal places.) 1-c How much cost should have been assigned to the ending work in process inventory? (Round your intermediate calculations to 2 decimal places.) 1-d. How much cost should have been assigned to the units completed and transferred to finished goods? (Round your intermediate calculations to 2 decimal places.) oor Transferred in Costs Materials Conversion Total 0 1-a Equivalent units of production 1-5. Cost per equivalent unit 1- Cost of ending work in process inventory 1-0. Cost of units completed and transferred out $ $ 0

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