On March 1, Upton Company's packaging department had Work in Process inventory of 8,820 units, which had been transferred in from the finishing department. These units had accumulated costs of $315,000 in previous departments and $16,000 for conversion costs in the packaging department.
During March, 30,000 units were transferred into the department. These units had accumulated costs of $770,000 in the previous departments. The packaging department incurred $54,000 in conversion costs during the month.
Seven hundred units remained in ending inventory on March 31. These units were 80% complete with respect to conversion costs.
Required:
Calculate the cost per equivalent unit for transferred-in costs and for conversion costs for the packaging department using the average cost method.
Round your answers to two decimal places.
| a. Transferred-in costs |
$ per equivalent unit |
| b. Conversion costs |
$ per equivalent unit |