Problem - Process Costing Atticus Electronics produces travel batter pack chargers. The company uses a process costing system. The following information pertains to operations for November Percentage Complete Units Direct Materials Conversion Beginning Work in Process Inventory, 18,000 60% 20% November Started in production during 98,000 November Ending Work in 23,000 75% 40% Process Inventory Beginning Work in Process Inventory Costs: Material $17,800 Conversion $18,900 Current Period Costs: Material $753,950 Conversion $1,105,300 REQUIRED Using the weighted-average method, answer the following 1. How many units were completed and transferred to finished goods? 2. What are the total equivalent units for each cost component? 3. What is the cost per equivalent unit for each cost component? 4. What is the cost transferred to Finished Goods Inventory? 5. What is the cost of ending WIP inventory? 6. If there was no beginning finished goods inventory for November and 78,000 units were sold in November how much is COGS?