Part 2 - Process Costing The candy making department at WONKA provides you with the following information for August. All direct materials are placed in process at the beginning of production The facts are Beginning WIF Purchases Incurred Allocated Completed Ending WIP Aug. 1 WIP 5,000 units (50% complete) Aug, 31 DM 312,000 units Aug, 31DL Aug, 31FO Aug, 31305,000 units Aug. 31 Unfinished units are 20% complete $40,000 $1,000,000 $200,000 $100,000 REQUIRED: Use the weighted average process cost method to identify and classify the costs below: 1. Determine the number of units of work in process inventory at the end of the month 2. Determine the equivalent units of productions for direct materials and conversion costs 3. Determine direct materials cost per equivalent unit. 4. Determine conversion cost per equivalent unit. 5. Cost of beginning work in process completed during August 6. Cost of units started and completed during August. 7. Cost of ending work in process