Problem 12-20A (Algo) Determining inventory cost using a process costing system LO 124 Munoz Company had 400 units of product in work in process Inventory at the beginning of the period. It started 1,400 units during the perlod and transferred 1,200 units to finished goods Inventory. The ending work in process inventory was estimated to be 50 percent complete. Cost data for the perlod follow: Required a. Calculate the number of equivalent units of production. b. Calculate the product cost per equivalent unit. c. Calculate the total cost allocated between ending work in process inventory and finished goods inventory. Complete this question by entering your answers in the tabs below. Calculate the number of equivalent units of production. Calculate the product cost per equivalent unit. Munoz Company had 400 units of product in work in process inventory at the beginning of the period. It started 1,400 units during the perlod and transferred 1,200 units to finished goods Inventory. The ending work in process inventory was estimated to be 50 percent. complete. Cost data for the perlod follow: Required a. Calculate the number of equivalent units of production. b. Calculate the product cost per equivalent unit. c. Calculate the total cost allocated between ending work in process inventory and finished goods Inventory. Complete this question by entering your answers in the tabs below. Calculate the total cost allocated between ending work in process inventory and finished goods inventory. (Round intermediate calculations to 2 decimal places.) Problem 12-20A (Algo) Determining inventory cost using a process costing system LO 124 Munoz Company had 400 units of product in work in process Inventory at the beginning of the period. It started 1,400 units during the perlod and transferred 1,200 units to finished goods Inventory. The ending work in process inventory was estimated to be 50 percent complete. Cost data for the perlod follow: Required a. Calculate the number of equivalent units of production. b. Calculate the product cost per equivalent unit. c. Calculate the total cost allocated between ending work in process inventory and finished goods inventory. Complete this question by entering your answers in the tabs below. Calculate the number of equivalent units of production. Calculate the product cost per equivalent unit. Munoz Company had 400 units of product in work in process inventory at the beginning of the period. It started 1,400 units during the perlod and transferred 1,200 units to finished goods Inventory. The ending work in process inventory was estimated to be 50 percent. complete. Cost data for the perlod follow: Required a. Calculate the number of equivalent units of production. b. Calculate the product cost per equivalent unit. c. Calculate the total cost allocated between ending work in process inventory and finished goods Inventory. Complete this question by entering your answers in the tabs below. Calculate the total cost allocated between ending work in process inventory and finished goods inventory. (Round intermediate calculations to 2 decimal places.)