1 BUSN 314 Managerial Accounting Test2 1 Physical units Direct Materials Conversion costs Total costs Work in process, beginning inventory 225 $18,000 $ 8,100 $ 26,100 Degree of completion of beginning W.L.P 100% 6096 Stated during the month 275 400 100 Completed and transferred out Work in process, ending inventory Degree of completion of ending W.L.P Total costs added during the month 100% 50% $ 19,800 $16,380 $36,180 Required: Compute the following using (a) weighted average method, and (b) First-in. First out method. 1. Summarize the flow of physical units of output. 2. Compute output in terms of Equivalent units. 3. Summarize total costs to account for 4. Compute cost per Equivalent unit. 5. Assign total costs to units completed and to units in ending work in process