Process Costing $($Grip Grippy Cereal Co$.)$ Grip Grippy Cereal Co$.$ uses a process cost accounting system to manufacture Apple Jacks Cereal. The following data relates to operations for the quarter ending December $31,2024$: Description Units Direct Materials Conversion Costs Beginning WIP Inventory $($Oct $1)150$ units $$150,000$ $$30,000\%$ Complete $$ Direct Materials $40\%$ Units started during the quarter $500$ Units completed during the quarter $520$ Ending WIP Inventory $($Dec $31)130$ units $\%$ Complete $$ Direct Materials $70\%$ Costs added during the quarter $$ $$950,000$ $$520,000$ Required $($Show all workings$)$: Using both the Weighted Average Method and the First$-$In$,$ First$-$Out $($FIFO$)$ Method, calculate the following: Equivalent units of production $($EUP$)$ Cost per equivalent unit Total cost of units transferred out to Finished Goods Inventory. Total cost of Ending Work$-$in$-$Process Inventory. Additional Notes: Clearly show how beginning inventory is treated differently under FIFO vs Weighted Average. Round unit costs to $2$ decimal places and final dollar values to the nearest dollar. Be sure to label and organize your calculations by method