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! Required information Exercise 8-37, 8-38, 8-39, 8-40 (Algo) (LO 8-2, 3, 5) [The following information applies to the questions displayed below) Pacific Ink had beginning work-in-process inventory of $750,960 on October 1. Of this amount, $307,920 was the cost of direct materials and $443,040 was the cost of conversion. The 51,000 units in the beginning inventory were 25 percent complete with respect to both direct materials and conversion costs During October, 108,000 units were transferred out and 33,000 remained in ending inventory. The units in ending inventory were 75 percent complete with respect to direct materials and 35 percent complete with respect to conversion costs. Costs incurred during the period amounted to $2,556,000 for direct materials and $3,278,760 for conversion Exercise 8-37 (Algo) Compute Costs per Equivalent Unit: Weighted Average Method (LO 8-3) Required: a. Compute the equivalent units for the materials and conversion cost calculations, b. Compute the cost per equivalent unit for direct materials and for conversion costs using the weighted-average method. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Compute the equivalent units for the materials and conversion cost calculations. Equivalent units for materials Equivalent units for conversion costs 120,000 106,800 Red Required B > Required information Exercise 8-37, 8-38, 8-39.8-40 (Algo) (LO 8-2, 3, 5) The follow formation is to the questions displayed below! Pacific Ink hod beginning work in process inventory of $750,960 on October 1. Or this amount. $307,920 was the cost of direct materials and $443.040 was the cost of conversion. The 51000 units in the beginning inventory were 25 percent complete with respect to both direct materials and conversion costs During Octobe 108.000 units were transferred out and 33.000 remained in ending inventory. The units in ending Inventory were 25 percent complete with respect to direct materials and 35 percent complete with respect to conversion costs Coats incurred during the period amounted to $2.556,000 for direct materials and $3,278.760 for conversion Exercise 8-38 (Algo) Assign Costs to Goods Transferred Out and Ending Inventory: Weighted Average Method (LO 8-2, 3) Compute the cost of goods transfers calculations to 2 decimel places. out and the ending inventory using the weighted average method. (Round intermediate Cost of goods transferred out Ending inventory