Hanes had a product that passes through two processes: knitting and finishing. Direct materials were added uniformly in the second process. Units were measured the same way in both departments. The second department (finishing) had the following physical flow schedule for the month: Units to account for Units, beginning work in process 40% complete 40,000 Units started 250,000 Total units to account for 290,000 Units accounted for Units, ending work in process 50% complete 55,000 Units completed 235,000 Units accounted for 290,000 Costs in beginning work in process for the finishing department were: Direct materials $4,000 Conversion costs $6,000 Transferred-in $8,000 Costs added during the month: Direct materials $31,250 Conversion costs $46,875 Transferred-in $62,500 Using the weighted average process costing method, answer the following questions for the month: (30 points) Choose... How many equivalent units should Hanes use to calculate direct materials cost? (5 pts) How many equivalent units should Hanes use to calculate conversion cost? (5 pts) How many equivalent units should Hanes use to calculate transferred-in cost? (5 pts) Choose... Choose... What is the conversion cost per unit? (5 pts) What is the transferred-in cost per unit? (5 pts) Choose... >