S5-9. Assign costs (process costing Step 5) (Learning Objectiv 3) Pharma-True Company produces its product using a single production process. For the month of March, the company determined its "cost per equivalent unit" to be as follows: Cost per equivalent unit: 325 Direct Materials Conversion Costs $3.80 $3.00 During the month, Pharma-True completed and transferred out 370,000 units to finished goods inventory. At month end, 82,000 partially complete units remained in ending work in process inventory. These partially completed units were equal to 70,000 equivalent units of direct materials and 53,000 equivalent units of conversion costs. 1. Determine the total cost that should be assigned to the following: a. Units completed and transferred out b. Units in ending work in process inventory 2. What were the total costs accounted for? 3. What was Pharma-True's average cost of making one unit of its product?