Watson Company has a product that passes through two processes: grinding and polishing. During October, 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 October:

Costs in beginning work in process for the polishing department were direct materials, $5,000; conversion costs, $6,000; and transferred in, $8,000. Costs added during the month: materials, $32,000; conversion costs, $50,000; and transferred in, $40,000.

Required:
1. Assuming the use of the weighted average method, prepare a schedule of equivalent units.
2. Compute the unit cost for themonth.

Units to account for: 4,000 (40% complete) Units, beginning work in process Units started Total units to account for Units accounted for: Units, ending work in process Units completed Units accounted for 8,000 (50% complete)