Question - Prince Marinades uses process costing. Its Mixing Department had a beginning inventory of 1,000 units that had accumulated conversion costs of $9,800. During the period, the Mixing Department incurred conversion costs of $86,800 and started 6,000 new units. Ending inventory consisted of 1,500 units that were 40% complete with respect to conversion costs. Materials are added at the beginning of the process. Calculate the cost per equivalent unit for conversion costs in the Mixing Department.
(1)Units transferred out=?
(2) Equivalent units=?
(3)Cost per equivalent unit=?