Change the percentage completion with respect to conversion for the beginning inventory from 55% to 25%, but keep everything the same as in Requirement 2. The data area of your worksheet should now look like this: 1 Chapter 5: Applying Excel 200 60 % 25 % $ $ 3 Data Beginning work in process inventory: Units in process Completion with respect to materials Completion with respect to conversion Costs in the beginning work in process inventory: Materials cost Conversion cost 11 Units started into production during the period 12 Costs added to production during the period: 13 Materials cost Conversion cost 15 Ending work in process inventory: 16 Units in process Completion with respect to materials Completion with respect to conversion 5,008 10,055 16,900 $ 676,850 $ 1,488,088 14 700 17 18 If your formulas are correct, you should get the correct answers to the following questions. (a) What is the equivalent units of production for materials? Equivalent units of production for materials (b) What is the equivalent units of production for conversion? Equivalent units of production for conversion (c) What is the cost per equivalent unit for materials? (Round your answer to 2 decimal places.) Cost per equivalent unit for materials (d) What is the cost per equivalent unit for conversion? (Round your answer to 2 decimal places.) Cost per equivalent unit for conversion (e) What is the cost of the units transferred out? (Round your cost per equivalent unit to 2 decimal places.) Cost of units transferred out