Bubba Production Company produces a homogenous product. All materials are added at the beginning of production and other product costs are added evenly over time until the product is complete. Conversion costs were 70% complete with respect to the 2,000 units in process July 1, 2009, and 60% complete with respect to the 4,000 units in process on July 31. Materials cost in the beginning work in progress inventory were $12,000 and materials costing $40,000 were added during the month. Conversion cost in the beginning work in progress inventory was $8,000 and conversion costs of $36,000 were added during the month. 10,000 units were completed during the month. Please answer the following questions, and show your work. Do not round intermediate calculations, or there will be a $40 rounding error.

What is the cost per equivalent unit for the units produced during the month? $__________

What is the cost of the ending inventory of work in progress? $__________

What is the cost of goods manufactured? $__________

To determine the cost per equivalent unit for the units produced during the month, we need to calculate the total cost incurred and divide it by the equivalent units produced.

First, let's calculate the equivalent units for materials and conversion costs.

Equivalent units for materials:
Beginning units in process: 2,000 units * 0% complete = 0 equivalent units
Units started and completed: 10,000 units * 100% complete = 10,000 equivalent units
Units in ending inventory: 4,000 units * 0% complete = 0 equivalent units

Total equivalent units for materials = 0 + 10,000 + 0 = 10,000 equivalent units

Equivalent units for conversion costs:
Beginning units in process: 2,000 units * 70% complete = 1,400 equivalent units
Units started and completed: 10,000 units * 100% complete = 10,000 equivalent units
Units in ending inventory: 4,000 units * 60% complete = 2,400 equivalent units

Total equivalent units for conversion costs = 1,400 + 10,000 + 2,400 = 13,800 equivalent units

Next, let's calculate the total cost incurred for materials and conversion costs.

Cost incurred for materials:
Beginning work in progress inventory: $12,000
Materials added during the month: $40,000

Total cost incurred for materials = $12,000 + $40,000 = $52,000

Cost incurred for conversion costs:
Beginning work in progress inventory: $8,000
Conversion costs added during the month: $36,000

Total cost incurred for conversion costs = $8,000 + $36,000 = $44,000

Now, we can calculate the cost per equivalent unit for the units produced during the month:

Cost per equivalent unit for materials = Total cost incurred for materials / Total equivalent units for materials
= $52,000 / 10,000 equivalent units = $5.20 per equivalent unit for materials

Cost per equivalent unit for conversion costs = Total cost incurred for conversion costs / Total equivalent units for conversion costs
= $44,000 / 13,800 equivalent units = $3.19 per equivalent unit for conversion costs

Finally, we can calculate the cost of the ending inventory of work in progress and the cost of goods manufactured.

Cost of ending inventory of work in progress:
Materials in ending inventory: 4,000 units * $5.20 per equivalent unit for materials = $20,800
Conversion costs in ending inventory: 2,400 units * $3.19 per equivalent unit for conversion costs = $7,656

Total cost of ending inventory = $20,800 + $7,656 = $28,456

Cost of goods manufactured:
Beginning work in progress inventory: $12,000 (materials) + $8,000 (conversion costs)
Costs incurred during the month: $52,000 (materials) + $44,000 (conversion costs)
Ending inventory of work in progress: $28,456 (cost of ending inventory)

Total cost of goods manufactured = $12,000 + $8,000 + $52,000 + $44,000 - $28,456 = $87,544

So, the answers are:

Cost per equivalent unit for the units produced during the month: $5.20 (materials) and $3.19 (conversion costs)
Cost of the ending inventory of work in progress: $28,456
Cost of goods manufactured: $87,544