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Save Answer Question 22 10 points Question (10 marks) Overland Company uses the weighted average method in its process costing system. The following data pertain to its completed units and ending inventory in the month of October for its only processing department, Processing Department A: Completed units transferred out 20,000 units Ending inventory units 5,000 units Percentage of completion direct 80% materials Percentage of completion-conversion 50% Total costs of Ending inventory on 31 $60,000 October Required: 1. 1a. 1b. Calculate the equivalent units for Direct materials Conversion (1 mark) (1 mark) 2. 2a. 2b. If the cost per equivalent unit for conversion is $8.00, calculate: Cost per equivalent unit for direct materials Total costs to account for. (3 marks) (3.5 marks) 3. Prepare the journal entry for the transferred-out costs for the month of October. (1.5 marks)