Exercise 16-12 (Algo) Weighted average: Cost per equivalent unit; costs assigned to products LO P1 HI-T Company uses the weighted average method of process costing. Information for the company's first production process follows. All direct materials are added at the beginning of this process, and conversion costs are added uniformly throughout the process. Direct Materials Beginning work in process inventory Completed and transferred out Ending work in process inventory Beginning work in process Direct materials Conversion Costs added this period Direct materials Conversion Units 1,500 27,500 6,500 Percent Complete Conversion Percent Complete 100% 70% 100% 30% $ 45,800 84,695 420,000 360,000 $ 130,495 780,000 Total costs to account for $ 910,495 a. Compute the equivalent units of production for both direct materials and conversion. b. Compute the cost per equivalent unit for both direct materials and conversion. c. Assign costs to the department's output-specifically, to the units transferred out and to the units in ending work in process Inventory. Complete this question by entering your answers in the tabs below. Required A Required B Required C Comnute the onuivalent units of ninduction for hoth direct materials and convercinn