Review the preliminary data, then scroll down and click in the boxed areas. A pick list will launch. Click on the pick list icon to reveal a drop-down menu of choices. Select the correct choices to complete the "calculations of cost per equivalent unit." Correct selections will turn the boxed areas green. The following assumptions should be used in completing this lab: (1) Weighted-average method. (2) Ending work in process was 80% complete with respect to material. (3) Ending work in process was 50% complete with respect to conversion. (4) The "unit reconciliation" has been correctly prepared. (5) Total costs are as indicated. UNIT RECONCILIATION: Quantity Schedule Beginning Work in Process 200,000 Started into Production 400,000 Total Units into Production 600.000 Equivalent Units Calculations: Conversion Factory Direct Materials Direct Labor Overhead Transferred to Next Department 500,000 500,000 500,000 500,000 Ending Work in Process 100,000 80,000 50,000 50,000 Total Units Reconciled 600,000 580,000 $50,000 $50,000 Cost Per Equivalent Unit: Conversion Total Cost Direct Materials Direct Labor Factory Overhead Beginning Work in Process $ 748,000 $ 375,000 $ 300,000 $ 73,000 Started into Production 1,600,000 785,000 $90,000 125,000 Total Cost $ 2,348,000 $ 1,160,000 $ 990,000 $ 198,000 Equivalent Units Cost Per Equivalent Unit: P Question 2 1 pts Equivalent Units for Material is calculated by 500,000 units Transferred to Next Department plus..................units of Ending Work in Process times 80% complete with respect to the material. Question 3 1 pts Equivalent Units for Direct Labor is calculated by 500,000 units Transferred to Next Department plus............. units of Ending Work in Process multiply by 50% complete with respect to the direct labor. Question 4 1 pts Cost per Equivalent Unit for Direct Material is calculated by dividing $............. by 580,000 DM Equivalent Units Question 5 1 pts Cost per Equivalent Unit for Direct Labor is calculated by dividing $ Equivalent Units by 550,000 DL Question 6 1 pts Cost per Equivalent Unit for Factory Overhead is calculated by dividing $ .... by 550,000 OH Equivalent Units Question 7 What is the total Conversion Cost per Equivalent Unit? 1 pts