Transcribed Image Text
In: AccountingEgo Manufacturing produces a pesticide chemical and uses processcosting. There are three processingdepartmentslong dash—?Mixing,...Ego Manufacturing produces a pesticide chemical and uses processcosting. There are three processingdepartmentslong dash—?Mixing,?Refining, and Packaging. On January? 1, the Refining Departmenthad3 comma 0003,000gallons of partially processed product in production. During?January,33 comma 00033,000gallons were transferred in from the Mixing? Department, and29 comma 00029,000gallons were completed and transferred out. At the end of the?month, there were7 comma 0007,000gallons of partially processed product remaining in the RefiningDepartment. See additional details below.Refining? Department, beginning balance at January1?Quantity:3 comma 0003,000units? (partially processed)?Cost:$ 15 comma 600$15,600of costs transferred in$ 4 comma 500$4,500of materials cost$ 1 comma 800$1,800of conversion cost21 comma 90021,900total account balanceCosts added during JanuaryCost of units transferred in $ 222 comma 400$222,400Direct materials cost $ 93 comma 750$93,750Conversion cost $ 45 comma 000$45,000Refining? Department, ending balance at January31?Quantity:7,000units? (partially processed)Percent complete for materials?cost:85?%Percent complete for conversion? cost:70%What was the cost per equivalent unit with respect to conversioncosts for the Refining Department in the month of? January? (Usetheweightedminus?average?method, and round your calculations to the nearest?cent.)??