Question: Weighted Average Method, Equivalent Units, Unit Cost, Multiple Departments Fordman Company has a product that passes through two processes: Grinding and Polishing. During December, the

Weighted Average Method, Equivalent Units, Unit Cost, Multiple Departments

Fordman Company has a product that passes through two processes: Grinding and Polishing. During December, the Grinding Department transferred 20,000 units to the Polishing Department. The cost of the units transferred into the second department was $40,000. Direct materials are added uniformly in the second process. Units are measured the same way in both departments.

The second department (Polishing) had the following physical flow schedule for December:

Units to account for:Units, beginning work in process4,000(40% complete)Units started?Total units to account for?Units accounted for:Units, ending work in process8,000(50% complete)Units completed?Units accounted for?

Costs in beginning work in process for the Polishing Department were direct materials, $4,000; conversion costs, $6,000; and transferred in, $8,000. Costs added during the month: direct materials, $33,000; conversion costs, $48,000; and transferred in, $40,000.

Compute the unit cost for the month. If required, round your answer to the nearest cent.

When I tried and compute the answer, I ended up with the amount of $5.72

I do not know what I'm doing :(

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