Question 3 (18 Marks) (a) Assembly Department has gathered the following information Units of beginning work in process Units started into production Units completed and transferred out. Units of ending work in process. 12.000 38,000 40,000 10,000 Percentage of completion of conversion costs of ending work in process.... 25% Cost of opening work-in-process: Direct materials (100% complete) $30,000 Conversion cost (partially complete) $12,000 Costs incurred in the month: Direct materials $110,000 Conversion costs $56,000 Required: () Compute the equivalent units for direct materials and for conversion costs. (2 marks) (11) Determine the costs per equivalent unit for direct materials and for conversion costs. (4 marks) (iii) Determine the total cost of 40,000 units transferred out, (2 marks) (iv) Determine the total cost of 10,000 units of ending work in process. (2 marks) (b) For each of the following products or services, indicate if the cost would most likely be determined using a job order costing system or a process costing system. Business consulting il. Chemicals ill. Food iv. Movie v. Soap and cosmetics vi. Web designer vil. Pens vill. Wedding cards (8 marks)