1- Given the following information, use the weighted average method to calculate cost per equivalent unit for the following materials (Round the answer with 2 decimal points). No. of units Cost of materials Beginning work in process 30,000 $9,409 Started in May 80,000 $26,565 Units completed 85,000 Ending work in process 25,000 2- For a manufacturer with a process costing system, the following data relate to the year just ended is given: Percentage of completion Units Direct material Conversion Work in process, 1 January 40,000 litres 60% 40% Work in process, 31 December 30,000 litres 77% 20% During the year the company started 200,000 litres of material in production Calculating the equivalent units of direct material for the year using weighted average method. 3- A Machining Department had 20 000 units in work in process (WIP) on 1 March. These units were 40 per cent complete with respect to conversion. Direct materials are added at the beginning of the production process, while conversion costs are incurred uniformly throughout the process. An additional 40,000 units were started during March, and 10,000 units were in WIP on 31 March. The units in WIP on 31 March were 13 per cent complete with respect to conversion. Costs incurred in the Machining Department for March were as follows: WIP 1 March Costs incurred during March Total Direct material $78,000 $252,000 $330,000 Conversion $23,200 $142,800 $166,000 What is the cost per equivalent unit for conversion? (Round the answer with 2 decimal points)