23 Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 700 units. The costs and percentage completion of these units in beginning inventory were Materials costs Conversion costs Cost $5,000 $7,100 Percent Complete 65% 45% A total of 7100 units were started and 6 200 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month Materials costs Conversion costs Cost $125,800 $207,300 The ending inventory was 50% complete with respect to materials and 35% complete with respect to conversion costs The cost per equivolent unit for materials for the month in the first processing department is close to 5 Lap Corporation uses the weighted average method in its process costing system. The beginning work in process inventory in a particular department consisted of 80,000 units, 100% complete with respect to materials and 25% complete with respect to conversion costs. The total dollar value of this inventory was $226,000. During the month 150,000 units were transferred out of the department. The costs per equivalent unit for the month were $2.00 for materials and $350 for conversion costs. The cost of the units completed and transferred out of the department was Och