WP + X -> C G Search Google or type a URL - Homework ch11 Question 2 of 6 0.33 / 1 Current Attempt in Progress One of the many types of sugar The Concord Company produces is granulated sugar, with its most popular package being the 4-pound bag. In August, the company reported the following equivalent units and total cost information for the sweet 4-pound bags. Step 2: Determine physical status of units and convert into equivalent units Equivalent Units DM Conversion Costs % Added % Added Physical This Equiv. This Equiv. Units Period Units Period Units Units in beginning WIP Inventory completed this 1,400 0% 80% 1,120 period Units Started and completed this period 13,200 100% 13,200 100% 13,200 Units in ending WIP Inventory 400 100% 400 70% 280 Total units accounted for 15,000 Total equivalent units of work done this period 13,600 14,600 Step 3: Account for costs Total Costs DM Conversion Costs Costs in beginning WIP Inventory (from last period) $964 $614 $350 Costs added to WIP Inventory this period 17,220 4,080 13,140 Total costs to account for $18,184 $4,694 $13,490 Type here to search w 6:53 PM 2/27/2023WP + X -> C G Search Google or type a URL - Homework ch11 Question 2 of 6 0.33 / 1 Costs in beginning WIP Inventory (from last period) $964 $614 $350 Costs added to WIP Inventory this period 17,220 4,080 13,140 Total costs to account for $18,184 $4,694 $13,490 The Concord Company uses the FIFO method of process costing. (a) Your answer is correct. Determine the cost per equivalent unit for both DM and conversion costs for the company this month by completing Step 4 of the template. (Round answers to 2 decimal places, e.g. 15.25.) DM Conversion Cost Cost per equivalent unit to 0.30 $ 0.90 e Textbook and Media Attempts: 1 of 3 used (b) Assign costs to the company's units completed and to the units in ending WIP Inventory for August by completing Step 5 of the Type here to search Fi W 9 6:53 PM 2/27/2023WP + X -> C G Search Google or type a URL - Homework ch11 Question 2 of 6 0.33 /1 Cost per equivalent unit to 0.30 $ 0.90 e Textbook and Media Attempts: 1 of 3 used (b) Assign costs to the company's units completed and to the units in ending WIP Inventory for August by completing Step 5 of the template. Total cost of units completed and removed from WIP Inventory Cost of units in ending WIP Inventory e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer (c1) The parts of this question must be completed in order. This part will be available when you complete the part above. Type here to search W 6:53 PM 2/27/2023