Question 4 (15 Marks) Marvellous Inc. uses the weighted average method in its process costing system. The following data concern the operations of the company's first processing department for a recent month: 800 50% Work in process, beginning Units in process Stage of completion with respect to materials Stage of completion with respect to conversion Costs in the beginning inventory: Materials cost Conversion cost 20% $2.440 $4,928 Units started into production during the month Units completed and transferred out 15.000 15,600 Costs added to production during the month Materials cost Conversion cost $96,470 $476.362 Work in process, ending Waits in process Stage of completion with respect to materials Stage of completion with respect to conversion 200 50% 9094 Required: Using the weighted-average method Determine the equivalent units of production for materials and conversation costs 14 marks Determine the cost per equivalent unit for materials and conversion costs 14 marks) Dete mine the Of Units transferred out of the department during the month marksi determine the cost oftending more proceseventory in the department 14 marks