Question 3 (9 marks) Weighty Steel processes a single type of steel. For the current period the information is given: Conversion Costs $5,400 $78,200 Units 3,000 20,000 2,500 Direct materials Beginning inventory $4,500 $32,000 Started during the current period Ending inventory All materials are added at the beginning of the production process. The beginning inventory was 100 % complete as to direct materials and 40% as to conversion, while the ending inventory was100 % completed for direct materials and 30% for conversion purposes. REQUIRED (a) Calculate equivalent units for direct materials and conversion costs (3 marks) b) Calculate total cost per unit (3 marks). (c) What is the total cost assigned to the units completed and transferred this period