The following data have been compiled for Lily Enterprises Ltd for the month of August. Conversion occurs uniformly throughout the production process. Work in process, 1 August - 17,000 units Direct material (100% complete) $45,000 Conversion (46% complete) $10,000 Balance in work in process, 1 August $55,000 Units started during August 142,000 Units completed during August and transferred out to finished goods inventory 97,000 Work in process, 31 August: Direct material (100% complete) Conversion (27% complete) Costs incurred during August: Direct material $240,000 Conversion costs: Direct labour $89,000 Manufacturing overhead $446,000 $535,000 Total production costs incurred during August $775,000 Required: Using the Weighted Average method, compute the amount for cost remaining at 31 August work in process inventory. Workings on equivalent units and unit cost per equivalent units for both DM and CC should be provided for partial marks