Data Section: Percent Conversion 40% Units 60,000 210,000 30,000 Work in process, beginning Units completed during the months Work in process, ending 70% HINT: Formulas in RED will be in units Forumlas in BLUE will percentages Formulas in GREEN will be in dollars Costs to account for: To find started and completed: Completed units - beginning inventory Started during the month - ending Inventory Beginning work in process Materials added Conversion costs incurred Total costs to be accounted for Total $ 94,800 $ 151,200 $ 600,300 FORMULA 1 Cost assignment Direct Mat. % % Added Whole Added During Direct Mat. During the Conversion Beginning Direct Conversio Units the Month Equiv. Units Month Equiv. Units inventory Materials n Beg. Work in process FORMULA FORMULA 5 FORMULA FORMULA 12 FORMULA 1 FORMULA 1 FORMULA 2: FORMULA Started & Completed FORMULA FORMULA 6 FORMULA FORMULA 13 FORMULA 1 FORMULA 2C FORMULA 2: FORMULA Ending Work in proces FORMULA FORMULA 7 FORMULA 1 FORMULA 14 FORMULA 1 FORMULA 21FORMULA 2. FORMULA Total $0 $0 SO Total $0 $0 $0 $0 Direct Mat. Cost per Conversion FORMULA 16 FORMULA 11 Amount reported on the balance sheet as: Finished goods inventor) FORMULA 28 Work In Process invento FORMULA 29 equivalent Sheet1 Sheet2 Sheet