Current Attempt in Progress The processing department at Kingbird Corporation evaluated the costs associated with manufacturing paper towels for the past month. Beginning and newly added costs for May are as follows. Step 3: Account for costs Total costs DM Conversion Costs Costs in beginning WIP Inventory (from last period) %1870 $1,570 300 Costs added to WIP Inventory this period 13,350 2450 3,900 Total costs to account for $15,220 $11.020 $4.200 (a) Show the T-account for Kingbird's WIP Inventory reflecting all of the appropriate costs above. WIP Inventory W W W W v w (b1) Assuming Kingbird uses the FIFO method of process costing, complete Step 4 to determine its cost per equivalent unit for both DM and conversion costs. (Round cost per equivalent unit answers to 2 decimal places, e.g. 15.25.) DM Conversion Costs Total equivalent units of work done this period (FIFO) 27,000 26,000 STEP 4 Calculate Cost Per Equivalent Unit DM Conversion Cost $ Are beginning WIP Inventory costs included in these calculations? The beginning WIP Inventory costs V included in the cost per equivalent unit calculations.(c1) Assuming Kingbird instead uses the weighted-average method of process costing, complete Step 4 to determine its cost per equivalent unit for both DM and conversion costs. (Round cost per equivalent unit answers to 2 decimal places, e.g. 15.25.) DM Conversion Costs Total equivalent units of work done (weighted-average) 29,000 28,000 STEP 4 Calculate Cost Per Equivalent Unit DM Conversion Cost $ $ Are beginning WIP Inventory costs included in these calculations? The beginning WIP Inventory costs v included in the cost per equivalent unit calculations