On August 1, Jones Corporation's Packaging Department Had Work in Process

On August 1, Jones Corporation's Packaging Department had work in process inventory of 8,000 units that were 75% complete with respect to materials and 30% complete with respect to conversion costs. The cost of these units was $99,525
($62,000 transferred in from previous departments, $28,775 in materials, and $8,750 in labor and overhead). During August, 125,000 units were transferred into the department. These units had accumulated costs in previous departments of $1,418,560. The Packaging Department incurred costs of $799,225 for materials and $498,010 for conversion costs in August and transferred 131,000 units out of the department. The 2,000 units remaining in ending inventory are 50% complete with respect to materials and 20% complete with respect to conversion costs. Jones uses the average cost method to cost its inventories.​
(a) Calculate the cost per equivalent unit for transferred-in costs, materials, and conversion costs
(rounded to the nearest cent).
(b) Calculate the cost of the units transferred out of the department.
(c) Calculate the cost of the ending inventory.

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(a) Cost per equivalent unit:Transferred...

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