Exercise 16-13 (Static) Weighted average: Process costing using a T-account LO P1 Midway Metal, which uses the weighted average method, produces wire baskets in two departments, Bending and Painting. The Work in Process Inventory T-account for the Bending department is shown below. The 2,000 units in beginning work in process inventory had direct materials costs of $2,400 and conversion costs of $1,600. Also shown is unit data for the Bending department this period. a. Compute equivalent units of production for both direct materials and conversion. b. Compute cost per equivalent unit of production 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. Compute cost per equivalent unit of production for both direct materials and conversion. Note: Round "Cost per EUP" to 2 decimal places. Complete this question by entering your answers in the tabs below. Assign costs to the department's output-specifically, to the units transferred out and to the units in ending work in process inventory. Note: Round "Cost per EUP" to 2 decimal places. Complete this question by entering your answers in the tabs below. Compute equivalent units of production for both direct materials and conversion