Question: 2. Write your answer in the space provided or on a separate sheet of paper. The following information is provided by Bynes Company: WIP Inventory,

2. Write your answer in the space provided or on a

2. Write your answer in the space provided or on a separate sheet of paper. The following information is provided by Bynes Company: WIP Inventory, January 1 O units Units started 23,000 Units completed and transferred out 20,000 WIP Inventory, December 31 3,000 Direct materials $22,400 Direct labor $16,500 Manufacturing Overhead $27,200 The materials are added at the beginning of the process of the production process, and the units have made it 25% of the way through the production process. Required: What are the total equivalent units in Ending WIP Inventory for direct materials? b. At the end of the year, what are the equivalent units in Ending WIP Inventory for conversion costs? a

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