Afirm uses a weighted-average process costing system. direct materials and conversion costs are incurred evenly during the production process. during the month of october, the following costs were incurred: direct materials $39,700conversion costs 70,000the work-in-process inventory as of october 1 consisted of 5,000 units, valued at $4,300, that were 20% complete. during october, 27,000 units were transferred out. inventory as of october 31 consisted of 3,000 units that were 50% complete. the weighted-average inventory cost per unit completed in october was

Cost Per Unit Completed = $4.07

Explanation:

                                     Materials & Conversion

Beginning WIP Cost              $4,300                      

Cost added in the period     $109,700

Total Cost of the Units        $114,000  

Equivalent Units of Production (EUP): Completed Units + Ending WIP Units

EUP Materials & Conversion= 27,000 + 5,000 x 20% = 28,000

Cost per Equivalent Unit: Cost of Units / EUP  

Cost per EUP Materials & Conversion: $114,000 / 28,000 = $4.07

if you use only 25 for your entertainment and only 200 for the groceries that you really need and take out the 50 per month for the computer then that should be enough