Question: Part 4: Absorption Costing - Process Costing (8 marks) Use this information for Questions 14-17 YUL Inc. uses a process costing system. The following information

Part 4: Absorption Costing - Process Costing (8 marks) Use this information for Questions 14-17 YUL Inc. uses a process costing system. The following information relates to the activity in the company's Bottling Department: Beginning WIP Units Started Units 11,000 22,000 Units completed and transferred out Ending WIP 27,000 6,000 Conversion % Complete 20% 80% The conversion cost of the beginning inventory was $6,500. During the month, $112,000 in additional conversion cost was incurred. Assume that the company uses the weighted-average cost method. Calculate the equivalent units of production for conversion. Calculate the cost per equivalent unit for conversion. Calculate the total cost transferred out during the month. Calculate the cost assigned to the ending work-in-process inventory

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