PART D (25 POINTS) Label all work and show all calculations. The Assembly Department uses a process cost accounting system. The department adds materials at the beginning of the process and incurs conversion costs uniformly throughout the process. During May. 1930.000 of materials costs and S1,139,000 in conversion costs were debiled to work-in-process. The beginning work in process inventory on May I was comprised of $320,000 of materials costs and $109,000 of conversion costs. The company employs the weighted- average method of process costing (60% complete Other data for the month of May are as follows Beginning work in process invenlory, 5/1 Units started in May Lnding work in process inventory, 5/31 7.500 units 42,500 units 12.000 units (30% complete) structions Answer the following questions and show computations to support your answers 1. What were the equivalent units of materials and conversion costs during May? 2. What were the costs per equivalent units for materials and couversion costs in May? 3. What costs were assigned to ending work-in-process on May 31? 4. What costs were transferred out of the Assembly Department in May? 2. What was the cost of the units transferred to finished goods during the mouth of May