Bagger, Incorporated uses a process costing system. The following operating and cost data occurred during October. Units Direct Materials Percent Complete Conversion Percent Complete Beginning work in process inventory 30,000 100% 50% Units started this period 40,000 Completed and transferred out 50,000 Ending work in process inventory 20,000 100% 30% Beginning work in process inventory Direct materials $ 60,000 Conversion 22,500 $82,500 Costs added this period Direct materials $ 110,100 86,700 $196,800 Conversion Prepare: 1. Compute the number of equivalent units of production for both direct material and Conversion using the weighted average method 2. Compute cost of equivalent units for both direct material and conversion