Part I: Process Costing - Equivalent Units (WA) (19) 17. Kramer Corp. has the following information: . Beginning WIP inventory had 15,300 units that were 100% complete as to materials and 70% complete as to conversion. 61,300 units were started into production during this period. Ending WIP had 11,800 units. (80% complete for materials; 40% complete for conversion) Cost of Beginning Inventory was $46,400 for Direct Materials and $23,100 for Conversion During the period, Kramer added $191,740 in direct materials, and $145,000 in Conversion. WIP (UNITS) WIP (S DOLLARS) a. How many units were completed and transferred to Finished Goods? (1 Mark) b. Using the Weighted Average Method, calculate equivalent units. (8 Marks) Units Complete & Transferred Out Work in Process (ENDING balance) Total Equivalent Units % % Materials Conversic c. Calculate cost per equivalent unit. (Round to 2 decimal places) (6 Marks) Cost per Equivalent Unit Materials Conversion d. Calculate the cost of Ending WIP inventory and the cost of units Transferred Out: (6 Marks) Materials Conversion Total Cost of Ending WIP inventory Cost of units Transferred OUT