Required information This question set includes retired CMA questions provided by the Institute of Management Accountants for use as additional student practice. Please note that these questions were not author-created and may not align perfectly with content or terminology in the text. Mack Inc. uses a weighted-average process costing system. Direct materials and conversion costs are incurred evenly during the production process. During the month of October, the following costs were incurred. Direct materials Conversion costs $39,700 70,000 The work-in-process inventory as of October 1 consisted of 5,000 units, valued at $4,300, that were 20% complete. During October, 27,000 units were transferred out. Inventory as of October 31 consisted of 3,000 units that were 50% complete. The weighted average inventory cost per unit completed in October was