Use the following information to answer the template provided.

Template:

Jones Steel has been manufacturing ball bearings as one of its main products. Due to the firm's unique production process, materials are not added until conversion is 50% complete. This month started with 13,500 ball bearings in process that had not yet been completed (were 40% complete with respect to conversion cost). Cost incurred on these units totaled $18,000. Also, the company started another 75,000 ball bearings from scratch. At the end of the month 63,500 ball bearings were complete. The incomplete units were 60% complete with respect to conversion cost. Total materials cost for the current month was found to be $125,000 while conversion cost for the current month was $85,000. Use the CH 20 tab of the template to calculate equivalent units of production and cost per equivalent unit based on the above information Started Total to account for 9 10 Transferred out EB Total accounted for 12 13 14 15 16 17 18 % Materials % Conversion Transferred out EB Total BB$ Current period $ Total $ 20 21 23