Question: Question TWO. Thank you!!!!!! Cost per Equivalent Unit The following information concerns production in the Forging Department for November. All direct materials are placed into

 Question TWO. Thank you!!!!!! Cost per Equivalent Unit The following information

Question TWO. concerns production in the Forging Department for November. All direct materials areplaced into the process at the beginning of production, and conversion costs

Thank you!!!!!!

Cost per Equivalent Unit The following information concerns production in the Forging Department for November. All direct materials are placed into the process at the beginning of production, and conversion costs are incurred evenly throughout the process. The beginning inventory consists of $93,800 of direct materials ACCOUNT Work in Process-Forging Department ACCOUNT NO Balance Date Item Debit Credit Debit Credit 101,840 937,540 1,004,540 1,097,065 Nov. 1 Bal., 6,700 units, 50% completed 30 Direct materials, 61,000 units 30 Direct labor 30 Factory overhead 30 Goods finished, 2 units 30 Bal., 5,400 units, 90% completed 835,700 67,000 92,525 ? a. Determine the number of units transferred to the next department. units b. 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 Costs per Equivalent Unit and Production Costs The following information concerns production in the Forging Department for November. All direct materials are placed into the process at the beginning of production, and conversion costs are incurred evenly throughout the process. The beginning inventory consists of $103,600 of direct materials. ACCOUNT Work in Process-Forging Department ACCOUNT NO Balance Date Item Debit Credit Debit Credit Nov. 1 Bal., 7,400 units, 80% completed 30 Direct materials, 67,000 units 30 Direct labor 30 Factory overhead 30 Goods finished, 2 units 30 Bal., 5,900 units, 70% completed 124,320 1,042,220 1,143,090 1,282,376 917,900 100,870 139,286 ? Cost per equivalent units of $13.70 for Direct Materials and $3.60 for Conversion Costs Based on the above data, determine each of the following amounts If required, round your interim calculations to two decimal places. Round final answers (a-c) to the nearest dollar a. Cost of beginning work in process inventory completed in November b. Cost of units transferred to the next department during November c. Cost of ending work in process inventory on November 30. d. Costs per equivalent unit of direct materials and conversion included in the November 1 beginning work in process. If required, round your answers to two decimal places. Direct materials cost per equivalent unit Conversion cost per equivalent unit e. The November increase or decrease in costs per equivalent unit for direct materials and conversion from the previous month. If required, round your answers to two decimal places Increase or Decrease Amount Change in direct materials cost per equivalent unit Change in conversion cost per equivalent unit

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