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QuEStion 1 Suburbia Company manufactures a product through a continuous single-step process. All materials are added at the beginning of processing. Production and cost data for the company for February 2016 are as follows: Production data: In process, beginning ofmonth (20% converted) 11000 units Started during February 54000 units Completed and transferred to nished goods 4,500 units In process, end of month (60% convened) 1,500 units Manufacturing costs: Work in process, beginning (Direct Materials $3,000; Conversion Costs: $18,360) $21560 Direct Materials added during peroid $45,000 Conversion Costs added during peroid $154,440 R_equired: Calculate the Following using the weigdrted average metho : Equivalent Units of Production for Direct materials (Do not enter commas in answer for example 5,000 should be entered as 5000) Equivalent Units of Production for Conversion Costs (Do not enter commas in answer for example 5,000 should be entered as 5000) Cost per Equivalent Unit 7 Direct Materials 5 (Round to 2 decimal places) Cost per Equivalent Unit 7 Conversion Costs 3 (Round to 1 decimal places) Total value of units transferred out 3 .00 (Round to the nearest whole dollar and do not enter dollar signs or commas in answer for example $5,000 should be entered as 5000) Total value of Ending Inventory 5 _00 (Round to the nearest whole dollar and do not enter dollar signs or commas in answer for example $5,000