Problem #1: Process Costing (12 points) Bazinga Paint Company uses a process cost system to accumulate product costs. The first processing department is the Formulation Department. The following production and cost data pertain to February 2017 Total Costs Direct Conversion Units Materials Costs Costs Beginning Work-in Process 60% complete as to Direct Materials Costs 20% Complete as to Conversion Costs 65,000 $204,750 $107,250 $312,000 Entered into Production 645.000 $3452.250 $5.321150 $8,773400 Input Totals 210000 $3,65.000 $5428400 $9,085400 a Complete the following table by computing the weighted-average equivalent units of production (EUP) output by the Formulation Department of Bazinga Paint Company relative to direct materials and conversion costs for the month of February 2017(4 points) Direct Materials Conversion Units EUP EUP Completed and Transferred Out 630,000 Ending Work-in Process 75% Complete as to Direct Materials Costs 40% complete as to Conversion Costs 80,000 Output Totals