2. Daosta Inc. uses the weighted average method in its process costing system. The following data concern the operations of the company's first processing department for a recent month. 900 40% 20% $ $ Work in process, beginning: Units in process Percent complete with respect to materials Percent complete with respect to conversion costs Costs in the beginning inventory: Materials cost Conversion cost Units started into production during the month Units completed and transferred out Costs added to production during the month: Materials cost Conversion cost Work in process, ending: Units in process Percent complete with respect to materials Percent complete with respect to conversion costs 530 2108 16,000 16,000 $ 32,180 $ 416,512 900 50% 70% Required: Using the FIFO Method: Equivalent Units of Production for Direct materials Equivalent Units of Production for Conversion Costs Cost per Equivalent Unit - Direct Materials (Round to 4 decimal places) Cost per Equivalent Unit - Conversion Costs (Round to 4 decimal places) Total value of Ending Work in Process Total value of units transferred out